Ben Bernanke http://www.globalpost.com/taxonomy/term/35690/all en WRAPUP 6-Bernanke says Fed stimulus benefits clear, downplays risks http://www.globalpost.com/dispatch/news/thomson-reuters/130226/wrapup-1-bernanke-face-fed-critics-testimony-congress <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Fed cognizant of bond-buying risks, but benefits outweigh * Bernanke warns on impact of scheduled budget cuts * Bernanke's defense of stimulus helps support stock markets By Pedro da Costa and Alister Bull WASHINGTON, Feb 26 (Reuters) - Federal Reserve Chairman Ben Bernanke strongly defended the U.S. central bank's monetary stimulus before Congress on Tuesday, easing financial market worries over a possible early retreat from bond purchases.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130226/wrapup-1-bernanke-face-fed-critics-testimony-congress" target="_blank">read more</a></p> Ben Bernanke Ben Bernanke Business Economic history Economics Economy of the United States Macroeconomics Monetary economics Politics US Federal Reserve Thomson Reuters Tue, 26 Feb 2013 05:15:16 +0000 Thomson Reuters 5766607 at http://www.globalpost.com Bernanke says Fed stimulus benefits 'clear,' budget cuts a risk http://www.globalpost.com/dispatch/news/thomson-reuters/130226/bernanke-says-fed-stimulus-benefits-clear-budget-cuts-risk <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>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.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130226/bernanke-says-fed-stimulus-benefits-clear-budget-cuts-risk" target="_blank">read more</a></p> Ben Bernanke Ben Bernanke Business Fellows of the Econometric Society Macroeconomics Thomson Reuters Tue, 26 Feb 2013 15:15:18 +0000 Thomson Reuters 5767035 at http://www.globalpost.com Bernanke: Fed 'confident' it can handle QE risks http://www.globalpost.com/dispatch/news/afp/130226/bernanke-fed-confident-it-can-handle-qe-risks <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Federal Reserve Chairman Ben Bernanke told Congress Tuesday that the central bank was confident it could manage the risks from its expanded quantitative-easing stimulus program.</p> <p>"Highly accommodative monetary policy also has several potential costs and risks," he told a Senate panel. But the Fed policy board "remains confident that it has the tools necessary to tighten monetary policy when the time comes to do so."</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130226/bernanke-fed-confident-it-can-handle-qe-risks" target="_blank">read more</a></p> Ben Bernanke Economics Federal Reserve Macroeconomics AFP Tue, 26 Feb 2013 15:31:03 +0000 Agence France-Presse 5767302 at http://www.globalpost.com Bernanke says sequester would hit US recovery http://www.globalpost.com/dispatch/news/afp/130226/bernanke-says-sequester-would-hit-us-recovery <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>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.</p> <p>"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.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130226/bernanke-says-sequester-would-hit-us-recovery" target="_blank">read more</a></p> Ben Bernanke Ben Bernanke Business Economy of the United States Macroeconomics Politics AFP Tue, 26 Feb 2013 15:31:08 +0000 Agence France-Presse 5767305 at http://www.globalpost.com URGENT ¥¥¥ Bernanke says sequester would hit US recovery http://www.globalpost.com/dispatch/news/afp/130226/urgent-bernanke-says-sequester-would-hit-us-recovery <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>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.</p> <p>"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.</p> <p>pmh/vs</p> Ben Bernanke Ben Bernanke Business Economy of the United States Fellows of the Econometric Society Politics AFP Tue, 26 Feb 2013 15:31:33 +0000 Agence France-Presse 5767312 at http://www.globalpost.com Bernanke: US economy still needs Fed stimulus http://www.globalpost.com/dispatch/news/afp/130226/bernanke-us-economy-still-needs-fed-stimulus <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Federal Reserve Chairman Ben Bernanke said Tuesday that the US economy still needs the Fed's stimulus, and warned that looming steep budget cuts could further slow growth.</p> <p>Stressing that high unemployment remains the key challenge to the economy, Bernanke told a Senate panel that the central bank's extraordinary $85 billion a month bond-purchase program, aimed at holding down long-term interest rates and encouraging investment, was still merited.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130226/bernanke-us-economy-still-needs-fed-stimulus" target="_blank">read more</a></p> Ben Bernanke Business Economics Macroeconomics Monetary policy Politics US Federal Reserve AFP Tue, 26 Feb 2013 15:45:21 +0000 Agence France-Presse 5767334 at http://www.globalpost.com WRAPUP 2-Bernanke sees long slog to lower U.S. unemployment http://www.globalpost.com/dispatch/news/thomson-reuters/130227/wrapup-1-bernanke-sees-long-slog-lower-us-unemployment <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Bernanke says won't see 6 percent jobless rate until 2016</p> <p>* Fed chief tries to calm concerns over risks of policies</p> <p>* "Significant majority" support policy course</p> <p>* One Fed hawk, Fisher, calls for immediate tapering of QE</p> <p>By Pedro Nicolaci da Costa and Jonathan Spicer</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130227/wrapup-1-bernanke-sees-long-slog-lower-us-unemployment" target="_blank">read more</a></p> Ben Bernanke Business Economics Macroeconomics Monetary policy Social Issues US Federal Reserve Thomson Reuters Wed, 27 Feb 2013 19:46:00 +0000 Thomson Reuters 5768834 at http://www.globalpost.com URGENT ¥¥¥ Bernanke: Cyprus crisis not a major risk to US http://www.globalpost.com/dispatch/news/afp/130320/urgent-bernanke-cyprus-crisis-not-major-risk-us <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>US central bank chief Ben Bernanke said Wednesday that the Federal Reserve was monitoring the Cyprus crisis but that it was not so far seen as a danger for the United States.</p> <p>"At this point we are not seeing a major risk to the US financial system or the US economy" from Cyprus, he told a press conference.</p> <p>pmh/vs</p> Asia Ben Bernanke Ben Bernanke Political geography AFP Wed, 20 Mar 2013 19:16:35 +0000 Agence France-Presse 5789117 at http://www.globalpost.com Fed holds course amid government spending cuts http://www.globalpost.com/dispatch/news/afp/130320/fed-holds-course-amid-government-spending-cuts <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The Federal Reserve kept its easy monetary policies in place Wednesday, saying high unemployment and the government's sharp spending cuts remain barriers to full recovery from the 2008 crash.</p> <p>The Federal Open Market Committee, the Fed's policy board, said after a two-day meeting that US economic growth had rebounded from the flat 2012 fourth quarter to a moderate pace in recent months.</p> <p>But with Europe in fresh turmoil and the US government slashing spending to close the fiscal deficit, the FOMC trimmed its 2013 and 2014 economic growth forecasts.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130320/fed-holds-course-amid-government-spending-cuts" target="_blank">read more</a></p> Ben Bernanke Business Federal Reserve Macroeconomics Monetary policy AFP Wed, 20 Mar 2013 21:01:05 +0000 Agence France-Presse 5789209 at http://www.globalpost.com Bernanke: Cyprus crisis not a major risk to US http://www.globalpost.com/dispatch/news/afp/130320/bernanke-cyprus-crisis-not-major-risk-us-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>US central bank chief Ben Bernanke said Wednesday that the Federal Reserve was keeping an eye on the Cyprus crisis but that it was not so far seen as a danger for the United States.</p> <p>"We are monitoring very carefully, but at this point we are not seeing a major risk to the US financial system or the US economy," the Federal Reserve chairman told a press conference.</p> <p>He said if potential bank runs in Cyprus -- where the banks remain closed until next week -- spread to other countries, it could pose a problem, but there is no evidence yet of that.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130320/bernanke-cyprus-crisis-not-major-risk-us-0" target="_blank">read more</a></p> Ben Bernanke Ben Bernanke Federal Reserve System Macroeconomics AFP Wed, 20 Mar 2013 21:31:04 +0000 Agence France-Presse 5789245 at http://www.globalpost.com URGENT ¥¥¥ Bernanke rejects competitive devaluation worries http://www.globalpost.com/dispatch/news/afp/130325/urgent-bernanke-rejects-competitive-devaluation-worries <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>US Federal Reserve Chairman Ben Bernanke on Monday rejected worries that the world's leading economies were competitively cutting their currency values.</p> <p>Bernanke told an audience at the London School of Economics that, although the exchange rates of some major economies have fallen, the policies are aimed at boosting growth and "confer net benefits on the world economy as a whole."</p> <p>pmh/dc</p> Ben Bernanke Economics International economics Macroeconomics AFP Mon, 25 Mar 2013 17:45:55 +0000 Agence France-Presse 5793451 at http://www.globalpost.com Bernanke rejects competitive devaluation worries http://www.globalpost.com/dispatch/news/afp/130325/bernanke-rejects-competitive-devaluation-worries <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>US Federal Reserve Chairman Ben Bernanke on Monday rejected worries that the world's leading economies were competitively cutting their currency values.</p> <p>Bernanke told an audience at the London School of Economics that, although the exchange rates of some major economies have fallen, the policies are aimed at boosting growth and "confer net benefits on the world economy as a whole."</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130325/bernanke-rejects-competitive-devaluation-worries" target="_blank">read more</a></p> Ben Bernanke Economics International economics Macroeconomics AFP Mon, 25 Mar 2013 17:46:04 +0000 Agence France-Presse 5793453 at http://www.globalpost.com Bernanke rejects competitive devaluation worries http://www.globalpost.com/dispatch/news/afp/130325/bernanke-rejects-competitive-devaluation-worries-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>US Federal Reserve Chairman Ben Bernanke on Monday rejected worries that the world's troubled large economies were competitively cutting their currency values and hurting smaller, healthier ones in the process.</p> <p>Bernanke told an audience at the London School of Economics that, although the exchange rates of some major economies have fallen, the policies are aimed at boosting growth and "confer net benefits on the world economy as a whole."</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130325/bernanke-rejects-competitive-devaluation-worries-0" target="_blank">read more</a></p> Ben Bernanke Economics International economics Macroeconomics AFP Mon, 25 Mar 2013 18:31:52 +0000 Agence France-Presse 5793532 at http://www.globalpost.com Bernanke says stress tests make banks more stable http://www.globalpost.com/dispatch/news/thomson-reuters/130408/bernanke-says-stress-tests-make-banks-more-stable <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Pedro Nicolaci da Costa</p> <p>STONE MOUNTAIN, Georgia (Reuters) - Federal Reserve Chairman Ben Bernanke said on Monday the central bank's periodic bank stress tests have made the U.S. financial system more resilient.</p> <p>Contrasting the current state of U.S. banks to their tattered condition in 2009 after the historic financial crisis, Bernanke said the sector's rebound was positive for the broader recovery given the importance of credit to economic growth.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130408/bernanke-says-stress-tests-make-banks-more-stable" target="_blank">read more</a></p> Ben Bernanke Economic history Economics Macroeconomics Thomson Reuters Mon, 08 Apr 2013 23:45:04 +0000 Thomson Reuters 5806041 at http://www.globalpost.com Bernanke: US economy 'still far' from desired state http://www.globalpost.com/dispatch/news/afp/130408/bernanke-us-economy-still-far-desired-state-1 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Federal Reserve Chairman Ben Bernanke said Monday that the US economy still has far to go to recover to an acceptable state of health.</p> <p>"Today the economy is significantly stronger than it was four years ago, although conditions are clearly still far from where we would all like them to be," he said.</p> <p>The statement, made in a speech on banking in Stone Mountain, Georgia, came as economists and investors seek signs on whether the US central bank is ready to tighten up its easy-money policy aimed at holding long-term interest rates down.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130408/bernanke-us-economy-still-far-desired-state-1" target="_blank">read more</a></p> Ben Bernanke Business Economics Labor Macroeconomics Monetary policy AFP Tue, 09 Apr 2013 00:15:19 +0000 Agence France-Presse 5806055 at http://www.globalpost.com