MND NewsWire : ben bernanke

Recap: Bernanke Discusses the Economic and Policy Outlook

Adam Quinones — Mon, 16 Nov 2009 22:14:07 GMT

Federal Reserve Chairman Ben Bernanke today spoke at the Economic Club of New York. The topic of his speech was the Outlook for the Economy and Policy. While nothing groundbreaking was said, I do want to recap his comments and point out a few observations. ...(read more)

'Nation of Savers' Will Hurt Recovery, Fed Official Says

Patrick McGee — Thu, 04 Jun 2009 13:20:58 GMT

Echoing comments from Federal Reserve Chairman Ben Bernanke on Wednesday, Cleveland’s regional Fed President Sandra Pianalto said economic recovery could be slower than expected. "Once the recession ends, we may be tempted to hope that the economy will take off at a full gallop, but that is not likely to happen because of some long-standing imbalances within our economy," Pianalto said to the INVESTKentucky conference on Thursday. Bernanke stressed that businesses will be cautious...(read more)

The Day Ahead: Fed Officials Speak on Economy

Patrick McGee — Thu, 04 Jun 2009 13:18:40 GMT

One day ahead of the all-important Nonfarm Payrolls report for May, the focus is on speeches from Federal Reserve officials, overseas policy, and Treasury auctions. The weekly Jobless Claims report for the final week of May is expected to show 620,000 new filings for unemployment benefits. It’s safe to say an outlier figure will be considered a blip due to the four-day week from Memorial Day. Continuing Claims have have been setting record highs one week after the next and this report is unlikely...(read more)

Mid-Morning Recap: Stocks Fall On Bernanke Testimony

Patrick McGee — Wed, 03 Jun 2009 16:15:04 GMT

The major stock indexes opened lower after pre-session data indicated the labor market had suffered major losses in May. The selling continued after the 10 am testimony from Federal Chairman Ben Bernanke , who said the growing fiscal debt couldn’t be ignored and that recovery from the recession could be slow. Roughly two hours into the Wednesday session, the S&P 500 has fallen 1.17% to 933, while the Dow had lost 0.79% to 8762, and the Nasdaq has shed 0.57% to 1826. Before markets opened...(read more)

Bernanke Expects Slow Recovery, Calls for Fiscal Balance

Patrick McGee — Wed, 03 Jun 2009 15:10:07 GMT

In contrast to the optimistic assumptions of the Obama administration, Ben Bernanke said economic recovery could be slow as businesses will be cautious about hiring even as broader growth resumes. The Federal Reserve Chairman also said more emphasis needs to be put on restoring fiscal balance. “Even after a recovery gets under way, the rate of growth of real economic activity is likely to remain below its longer-run potential for a while, implying that the current slack in resource utilization...(read more)

Mid-Morning Recap: Markets Suffer as Bernanke Calls for Regulation

Patrick McGee — Thu, 07 May 2009 15:49:43 GMT

Following an optimistic opening due to a somewhat optimistic labor report, all three major U.S. indexes have dropped into the red as Federal Reserve chairman Ben Bernanke calls for regulation overhaul. As of 11:00 am EST, the S&P has dropped 0.42% to 915.7, the Dow is down 0.70% to 8453, and the Nasdaq is down 1.65% to 1730. Investor sentiment had been riding high from Wednesday afternoon as results from the Stress Test were slowly leaked during the day. Markets then opened higher as two pieces...(read more)

Fed Chairman Bernanke Calls for Increased Regulation, Oversight

Patrick McGee — Thu, 07 May 2009 14:16:00 GMT

The late economist Hyman Minsky often summed up his theory of financial instability with the paradoxical phrase, “Stability creates instability.” Speaking on Thursday, Federal Reserve Chairman Ben Bernanke echoed that sentiment as he called for new initiatives for financial oversight and regulation on Thursday. “Our supervisors are emphasizing to institutions that maintaining strong risk-management practices is at least as important in good times as in bad,” Bernanke said...(read more)

Mid-Morning Recap: Markets Sink on Bernanke Testimony, ISM Services Improves

Patrick McGee — Tue, 05 May 2009 16:34:03 GMT

Markets reacted positively to a better-than-expected ISM Non-Manufacturing release at 10 am, but the gains were quickly erased once testimony from Fed Chairman Ben Bernanke was released shortly after. The S&P peaked within minutes of the ISM index, but by 11 am the S&P had fallen 8 points to just below 900. The response may have been due to the Fed chairman’s caveat that growth wouldn’t occur this year if financial conditions didn’t keep improving. “A relapse in financial...(read more)

Bernanke Sees Signs of a Bottom in Real Estate; CRE Conditions Poor

Patrick McGee — Tue, 05 May 2009 14:55:30 GMT

Federal Reserve Chairman Ben Bernanke said the U.S. economy has “contracted sharply” over the past six months, and he sees “further sizable job losses” and a rising unemployment rate in the coming months. Speaking before the Joint Economic Committee at Congress on Tuesday, the Fed chairman said the U.S. economy could return to growth later this year, provided that improvements in the financial markets continue. “In coming months, households' spending power will be...(read more)

Bernanke Says Biggest Worry is That Politicians Abandon Banks

CEP News Feed — Mon, 16 Mar 2009 13:43:57 GMT

Federal Reserve Chairman Ben Bernanke said that the recession will likely end this year unless political leaders withdraw support for efforts to stabilize the financial system . Bernanke made the comments in an interview with CBS's 60 Minutes on Sunday...(read more)

Bernanke Says Banks Will Remain Capitalized, but "Too Big to Fail" Needs to End

CEP News Feed — Tue, 10 Mar 2009 14:07:02 GMT

Federal Reserve Chairman Ben Bernanke stressed the need to overhaul operating rules for " too big to fail " institutions on Tuesday. Speaking to the Council on Foreign Relations in Washington, D.C., Bernanke said the U.S. government currently...(read more)

Bernanke Repeats Government Intention to Avoid Bank Nationalization

CEP News Feed — Wed, 25 Feb 2009 19:14:01 GMT

The nationalization of banks is counterproductive to the health of the banking system and the overall economy, according to Fed Chairman Ben Bernanke . In testimony to the House Financial Services Committee on Wednesday, Bernanke echoed comments made...(read more)

Nationalization of U.S. Banks Not Necessary, Says Bernanke

CEP News Feed — Tue, 24 Feb 2009 19:58:51 GMT

Federal authorities do not see any advantage to nationalizing large banks since a return to profitability can be achieved through a combination of strong regulations of how rescue funds are used, and greater transparency on financial institutions, according...(read more)

Preview: Bernanke Testimony to be Closely Watched for Inflation Target

CEP News Feed — Mon, 23 Feb 2009 19:10:09 GMT

Federal Reserve Chairman Ben Bernanke's two-day testimony to the U.S. Senate and the House of Representatives, which begins Tuesday , will be closely-watched for any new revelations on government programs to rescue the U.S. economy. Most economists...(read more)

Bernanke Says More Needed to Stabilize Financial System

CEP News Feed — Tue, 13 Jan 2009 14:51:26 GMT

More measures are needed to combat the credit crunch and provide additional liquidity to the financial system, according to Fed Chairman Ben Bernanke in a speech Tuesday to the London School of Economics. Bernanke argued that, "more capital injections...(read more)