Posts Tagged ‘bernanke’
Bernanke: Default on debt would increase deficit (AP)
AP – Federal Reserve Chairman Ben Bernanke warned U.S. lawmakers Thursday that they would deliver a “self-inflicted” wound to the nation’s economy by holding up efforts to raise the government’s borrowing limit.
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Lawmakers snipe, Bernanke warns as deadline nears (AP)
AP – Fuming lawmakers pointed fingers at one another and President Barack Obama on Thursday as negotiations over raising the national debt limit entered a perilous endgame. Federal Reserve Chairman Ben Bernanke warned of economic damage, and an anxious Wall Street envisioned catastrophe if the U.S. defaulted on its obligations.
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Bernanke: Fed ready to act if economy worsens (AP)
AP – Federal Reserve Chairman Ben Bernanke told lawmakers Wednesday the Fed is ready to act if the economy gets weaker. He warned them that allowing the nation to default on its debt would send “shock waves through the entire financial system.”
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Bernanke sees risks in further steps to spur jobs (AP)
AP – Federal Reserve Chairman Ben Bernanke said Wednesday that the Fed can’t take additional steps to try to ease high unemployment without escalating inflation.
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Bernanke urges nations to help ease trade gaps (AP)
AP – Federal Reserve Chairman Ben Bernanke on Friday urged countries with large trade surpluses like China to let their currencies rise in value to help prevent another global financial crisis.
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Republicans grill Bernanke over inflation threat (AP)
AP – Members of Congress sharply questioned Federal Reserve Chairman Ben Bernanke Wednesday over whether the Fed’s policies are raising the risk of rising inflation in the months ahead.
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Bernanke encouraged by sharp drop in unemployment (AP)
AP – Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that the sharp drop in unemployment over the last two months is encouraging but cautioned that it will take several years for hiring to return to normal.
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