Chairman Ben Bernanke said the Federal Reserve is prepared to take further steps to lift the U.S. economy if it weakens. But he didn't signal any imminent action in testimony before a congressional panel Thursday.
Similar Stories to Bernanke Says Fed Could Act If Economy Weakons on Bing News
Kansas City Star: Business, Kansas City Star: Business
Thu, 06/07/2012 - 3:00am
BING NEWS:
- US economy grows at 2.8% pace in third quarter on consumer spending, unchanged from first estimate
The American economy expanded at a healthy 2.8% annual pace from July through September on strong consumer spending and a surge in exports, the government said Wednesday, leaving unchanged its initial ...
11/27/2024 - 10:16 am | View Link - US economy holds firm in early Q4; inflation stuck above Fed's target
U.S. consumer spending increased slightly more than expected in October, suggesting the economy retained much of its solid growth momentum early in the fourth quarter, but progress on lowering ...
11/27/2024 - 5:30 am | View Link - Fed minutes may show start of debate over how far to go on rate cuts
Powell just a week after the meeting said the economy was "not sending any signals that we need to be in a hurry to lower rates." ...
11/26/2024 - 12:48 pm | View Link - Powell says Fed will likely cut rates cautiously given persistent inflation pressures
The Fed's benchmark interest rate tends to influence borrowing rates across the economy, including for mortgages ... When consumers and businesses expect inflation to slow, they act in ways that help ...
11/13/2024 - 11:01 pm | View Link - US monetary policy still restrictive, two Fed officials say
The Federal Reserve's policy rate continues to act as a brake on the resilient labor market and on inflation that is still above the 2% target, two U.S. central bankers said on Tuesday, a view that ...
11/12/2024 - 8:11 am | View Link - More
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