Federal Reserve Chairman, Ben Bernanke | featured news

The Fed chief said that “the federal budget appears to be on an unsustainable path” but that the “exceptional increase” in the deficit had been needed.

Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that a weak job market and low inflation would likely allow the central bank to keep interest rates at very low levels for a long time.

In a hard-won victory for President Obama, the Senate votes 70 to 30 to keep the head of the central bank for four more years. Senators put market stability ahead of populist anger at Wall Street.

The Senate, putting market stability ahead of populist anger at Wall Street, voted Thursday to give Federal Reserve Chairman Ben S.

U.S. lawmakers looked likely to grudgingly approve Ben Bernanke to a second term as Federal Reserve chairman this week after the White House stepped in to defend his crisis-fighting record and rally votes.

Stronger regulation should be the first line of defense against speculative bubbles that could send the economy into a new crisis, Federal Reserve Chairman Ben Bernanke said Sunday.

Sen. Shelby said he will vote against the confirmation of Fed Chairman Bernanke for a second term, as a Senate panel convened his confirmation hearing.

The United States must reduce its budget deficit and Asian nations must encourage more consumption to prevent a recurrence of the global imbalances that contributed to the financial crisis, Federal Reserve Chairman Ben Bernanke said Monday.

Federal Reserve Chairman Ben Bernanke said Friday a government program intended to spark lending to consumers and businesses is still necessary even with other emergency lending programs winding down as the economy recovers.

US President Barack Obama is to announce he is reappointing Ben Bernanke to a second term as chairman of the US central bank, the Federal Reserve.

Federal Reserve chairman Ben Bernanke warns Congress that the US recession may last beyond the end of the year.