Tag: Ben Bernanke

US economy will rebound in second half

US economy will rebound in second half

Chairman of the Federal Reserve, Ben Bernanke, has acknowledged that economic growth has been weaker than expected this year but expects it strengthen in the latter half of the year. His comments came shortly after it was revealed US employment growth weakened in May, with the jobless rate rising. Speaking at the International Monetary Conference [...]

June 8, 2011 | 0 Comments More
US Fed warns of surging oil prices

US Fed warns of surging oil prices

Federal Reserve chairman, Ben Bernanke, has warned that a prolonged rise in oil prices would pose a danger to economic growth in the US. Speaking to the Senate Banking Committee, Mr Bernanke’s comments come after Brent crude hit $119 a barrel – a two-and-a half-year high. There have also been fears about the impact on [...]

March 2, 2011 | 0 Comments More
Fed Chairman comments on unemployment and deficit

Fed Chairman comments on unemployment and deficit

Federal Reserve chairman Ben Bernanke has warned that stubbornly high unemployment will remain. Mr Bernanke said the weak labour market means a recovery is not yet “truly established.” His comments come despite the drop in the US unemployment rate last month. Last week, the Labor Department reported the unemployment rate in the US fell from [...]

February 9, 2011 | 0 Comments More
US Fed hints at fresh round of quantitative easing

US Fed hints at fresh round of quantitative easing

US central bank, the Federal Reserve, has hinted it will take measures to stimulate the economy by way of buying up US Government bonds in order to lower borrowing costs. The fresh round of stimulus comes as the world’s largest economy is struggling with a sluggish recovery, low inflation and high unemployment. Furthermore, growth in [...]

October 17, 2010 | 0 Comments More
US Fed expected to keep interest rates at record low today

US Fed expected to keep interest rates at record low today

As uncertainty surrounds the world’s largest economy, investors are awaiting the outcome of the Federal Reserve’s policy meeting today. The US Fed is set to announce its decision on interest rates and other stimulus measures. Interest rates in the world’s largest economy have stood at the low level of between 0% and 0.25% since December [...]

August 10, 2010 | 0 Comments More
US Fed keeps interest rates at record low

US Fed keeps interest rates at record low

The Federal Reserve has this week elected to keep US interest rates at the historically low level of between 0% and 0.25%, as widely expected. Interest rates in the world’s largest economy have been at the low level since December 2008 and the bank has previously said that as a result of subdued inflation and [...]

June 24, 2010 | 0 Comments More
Fed to maintain pledge to keep interest rates low

Fed to maintain pledge to keep interest rates low

US central bank, the Federal Reserve, will end its two-day meeting today and are likely to leave interest rate at the record low of 0% and 0.25%. Rates have been at this level since December 2008, as a result of subdued inflation and high unemployment. It has reiterated its policy to maintain low interest rates [...]

June 23, 2010 | 0 Comments More
Asian shares recover after Fed comments

Asian shares recover after Fed comments

Federal Reserve Chairman Ben Bernanke yesterday allayed investor fears after saying the US economy appeared to have enough momentum to avoid a “double-dip” recession. Mr Bernanke also said he believes European leaders are taking the right steps to ensure the survival of the euro. “European leadership is strongly committed to doing whatever is necessary to [...]

June 8, 2010 | 0 Comments More
Cameron concerned for rising inflation

Cameron concerned for rising inflation

Prime Minister David Cameron has today said the Bank of England needs to set interest rates in order to control inflation. UK inflation rose to 3.7% in April – the highest level in 17 months and far exceeding the 2% target. The rise was boosted by food, fuel and clothing price gains. Annual food inflation [...]

May 28, 2010 | 0 Comments More
Fed chairman warns of political interference

Fed chairman warns of political interference

Ben Bernanke, the chairman of the US Federal Reserve, has emphasised the importance of central banks to be free of political meddling and to keep their independence. Mr Bernanke believes central banks throughout the world should be able to make key economic decisions about monetary policy without Government interference. His statement comes as some Governments [...]

May 26, 2010 | 0 Comments More
US retail sales up but Fed issues caution

US retail sales up but Fed issues caution

Data has today revealed a 1.6% surge in US retail sales for March, suggesting that consumers are willing to spend again. In addition, official data revealed that inflation remains subdued with US consumer prices creeping up just 0.1% in March compared with February. On an annual basis, prices were up 2.3% in March compared with [...]

April 14, 2010 | 0 Comments More
Fed cautious about housing and jobs market

Fed cautious about housing and jobs market

Federal Reserve chairman, Ben Bernanke, issued caution yesterday highlighting the fragile state of the US housing and labour markets. Mr Bernanke of the US central bank said: “We are not out of the woods yet” but did recognise that the economy has emerged from its worst recession in decades. His comments come despite positive data [...]

April 8, 2010 | 0 Comments More
Federal Reserve chairman pledges low interest rates for long-term

Federal Reserve chairman pledges low interest rates for long-term

Chairman of the Federal Reserve Ben Bernanke has today said US interest rates will need to stay low in order to keep the economic recovery on track. In a testimony before Congress, Bernanke said there was a “nascent economic recovery” and said long-term recovery will depend on private sector’s demand for goods and services. Bernanke, [...]

February 24, 2010 | 0 Comments More
Bernanke wins second term

Bernanke wins second term

Fifty-six-year old Ben Bernanke has won a second term as chairman of US central bank, the Federal Reserve. The US Senate confirmed the appointment after it voted 77-23 in favour of Bernanke, whose current term ends on Sunday. At the time of his nomination last August, US President Barack Obama said: “Mr Bernanke had helped [...]

January 29, 2010 | 0 Comments More
Fed keeps interest rates at record low level

Fed keeps interest rates at record low level

The Federal Reserve yesterday opted to keep US interest rates at the historically low level of between 0% and 0.25%, as widely expected. The Fed acknowledged that the economy is strengthening and said it will keep rates “exceptionally low” for “an extended period”. Evidence that a recovery is on track came yesterday after official data [...]

December 17, 2009 | 0 Comments More
Fed chief comments boost dollar

Fed chief comments boost dollar

US Federal Reserve Chairman Ben Bernanke told a press conference at the Fed’s Washington headquarters yesterday that monetary policy will need to be tightened when the economy recovers in order “to prevent the emergence of an inflation problem down the road.” Following the press conference, many analysts said the Fed chairman is suggesting that the [...]

October 9, 2009 | 0 Comments More
US housing starts rise in August

US housing starts rise in August

The US economy has received a further boost after the Commerce Department revealed a rise in housing starts for the month of August. According to the Commerce Department, construction of new US homes rose 1.5% in August to an annual rate of 598,000 properties. The rise was the fastest since November 2008, giving hope that [...]

September 18, 2009 | 0 Comments More
Shares rises on signs of US economic recovery

Shares rises on signs of US economic recovery

The Dow Jones index rose today on the back of positive economic data and followed gains seen over the last week. In seven out of the last eight days, the Dow Jones has risen. By mid-session in New York, the index gained 0.6% to 9,737.3 points with European shares rising in response. London’s FTSE 100 [...]

September 16, 2009 | 0 Comments More
Fed chairman: Recession is very likely over

Fed chairman: Recession is very likely over

US Federal Reserve chairman, Ben Bernanke, said yesterday: “From a technical perspective, the recession is very likely over.” Mr Bernanke’s comments come one year after the collapse of US bank Lehman Brothers. Speaking at a conference at the Brookings Institution, a think tank based in Washington, Mr Bernanke did caution, however, that due to unemployment [...]

Fed minutes reveal upbeat outlook for US economy

Fed minutes reveal upbeat outlook for US economy

Minutes from the latest Federal Reserve meeting have revealed that policymakers are optimistic that the US downturn is coming to an end. However, the minutes did say that the economy is “likely to recover only slowly during the second half of this year and all saw it as still vulnerable to adverse shocks.” Furthermore, policymakers [...]

September 3, 2009 | 0 Comments More