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Bernanke warns against premature policy tightening

Agence France-PresseMay 22, 2013 12:15
US Federal Reserve Chairman Ben Bernanke acknowledged the risks of the Fed's low interest-rate policy Wednesday but warned that tightening policy now could stall the US recovery. "A premature tightening of monetary policy could lead interest rates to rise temporarily but would also carry a substantial risk of slowing or ending the economic recovery and causing inflation to fall further," he said in a statement to Congress. pmh/vs

URGENT ¥¥¥ Fed warns US spending cuts could hit growth, jobs

March 20, 2013 15:16
Federal Reserve Chairman Ben Bernanke warned Wednesday that broad-based US government spending cuts could curb the economic and jobs recovery. The Federal Open Market Committee "remains concerned that restrictive fiscal policies may slow economic growth and job creation in coming months," Bernanke said at a news conference after a two-day FOMC meeting. mj-vs/pmh

URGENT ¥¥¥ Bernanke says sequester would hit US recovery

February 26, 2013 11:31
Federal Reserve Chairman Ben Bernanke warned Congress Tuesday that the $85 billion in spending cuts of the March 1 sequester would place a "significant" additional burden on the US economic recovery. "The Congress and the administration should consider replacing the sharp, front-loaded spending cuts required by the sequestration with policies that reduce the federal deficit more gradually," he told a Senate hearing. pmh/vs

URGENT ¥¥¥ US growth rebounds after flat 4th quarter: Bernanke

February 26, 2013 11:31
US growth has rebounded after the flat fourth quarter, but remains"somewhat uneven" and vulnerable to looming budget cuts, Federal Reserve Chairman Ben Bernanke told Congress Tuesday. "The pause in real GDP growth last quarter does not appear to reflect a stalling-out of the recovery... Available information suggests that economic growth has picked up again this year." pmh/vs

Bernanke says Fed stimulus benefits 'clear,' budget cuts a risk

February 26, 2013 11:15
WASHINGTON, Feb 26 (Reuters) - Federal Reserve Chairman Ben Bernanke strongly defended the U.S. central bank's bond-buying stimulus before Congress on Tuesday, saying its benefits clearly exceed possible costs. The Fed chairman also urged lawmakers to avoid sharp spending cuts set to go into effect on Friday, which he warned could combine with earlier tax increases to create a "significant headwind" for the economic recovery.
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