Federal Reserve, Ben Bernanke | featured news

Federal Reserve Chairman Ben S. Bernanke gave no indication Tuesday that the central bank was about to launch new economic stimulus, even as the Fed chief painted a worrisome picture of an economy losing momentum on a wide scale.

Federal Reserve Chairman Ben S. Bernanke maintained that the economy was continuing to grow at a moderate pace, despite the recent sharp deceleration in job growth and a slowdown in economic output in large part because of federal spending cuts.

Federal Reserve Chairman Ben Bernanke said on Tuesday it is too soon to declare victory in the U.S. economic recovery, warning against complacency in policymaking as the outlook brightens.

Chairman Ben Bernanke says the U.S. job market remains weak despite three months of strong hiring and that the Federal Reserve's existing policies will help boost economic growth.

Ben Bernanke presided over his first meeting as Federal Reserve chairman in March 2006 believing the nation's economy could pull off a "soft landing" from falling home prices. Three months later, Bernanke had begun to grasp that he and others had underestimated the risk housing posed to the economy....

Bernanke, who has called the level of long-term unemployment in the United States a national crisis, made clear that policymakers were still preoccupied with lowering the 9 percent jobless rate, but he warned it will take time to bring it to more-normal levels.

US Federal Reserve Chairman Ben Bernanke tells Congress that the US economy is "close to faltering" and more action may be needed.

Federal Reserve Chairman Ben Bernanke said Wednesday that long-term unemployment is a “national crisis” and suggested that Congress should take further action to combat it. He also said lawmakers should provide more help to the battered housing industry.

Bernanke launched a new package of measures to support a limping economy and once again took the kind of unconventional approach that has become a trademark of his tumultuous tenure.

Despite the limping economy, Republican Congressional leadership urged the Federal Reserve chairman not to engage in further stimulus.