Federal Reserve Chairman Ben Bernanke has warned the policymakers to make sure individual workers should not be allowed to suffer too much from the effects of free-trade, globalization, technological progress and other developments that have boosted economic progress for the nation as a whole. While[...]
Posts Tagged ‘Ben Bernanke’
June 2nd, 2012 - 2:01 pm § in News Of Economy
China Stock Slide Gives Jitters Of A Global Recession Setting In
The Stock Market is a fragile world. The 9 percent slide in Chinese Stocks on Tuesday did send the stocks on Wall Street tumbling 3 percent, the lowest since the 9/11 terrorist attack in 2001. The big question emerging is – Is the party over? Are the global markets heading for a crash as reces[...]
June 1st, 2012 - 2:00 pm § in News Of Economy
Fed’s economic outlook remains unchanged despite global stock meltdown
Federal Reserve chairman Ben Bernanke appealed to investors to relax following a global stock market meltdown that eliminated more than $1-trillion of gains. The chairman insisted that the U.S. economy remains sound. Fed chief has stated that his optimism about the U.S. economic outlook has not been[...]
May 20th, 2012 - 1:39 pm § in News Of Economy
‘Uncertainties’ have grown in US economy: Fed Chief, stocks slide amid inflation concerns
US stocks lost more ground after Federal Reserve Chief Ben Bernanke highlighted risks to US economic growth and signaled a steady hand on interest rates. Shares of some of the biggest US corporations, General Motors, retailer Wal-Mart and Boeing fell, leading the blue-chip Dow Jones Industrial Avera[...]
April 29th, 2012 - 12:26 pm § in News Of Economy
US Federal Reserve leaves interest rate unchanged, amid high inflation threat
The Federal Open Market Committee, in an expected move, decided to leave its target for the federal-funds rate unchanged at 5.25 percent for a seventh consecutive meeting, hardly shifting the accompanying statement from the previous meeting. However, the decision has now enticed economists to think [...]
April 21st, 2012 - 10:00 am § in News Of Economy
US Fed chief plays down effect of sub-prime mortgage crisis
Federal Reserve Chairman Ben Bernanke has said that the financial system can survive the fallout from the subprime-mortgage market ‘without serious problems.’ The Federal Reserve does not anticipate broader economic consequences from the growing number of mortgage defaults and home forec[...]
April 12th, 2012 - 6:52 am § in News Of Economy
US economy growing at moderate pace: Federal Reserve
The Federal Reserve in its latest Beige Book report on the economy gave a more encouraging assessment of US regional economies, as manufacturing and job growth picked up. The economy continued to expand at a moderate pace in most regions of the country, the report said. Consumer spending and manufac[...]
February 7th, 2012 - 2:09 pm § in News Of Economy
Wall Street tremble on Bernanke’s Comment
Wall Street retreated after Federal Reserve Chairman, Ben Bernanke’s comment that the deteriorating economy pace, rising inflation and looming housing sector will remain a risk to consumer spending and overall economic growth. Amid the inflation and increasing consumer spending apprehension in[...]
January 31st, 2012 - 1:52 pm § in News Of Economy
Shaky market kindles hopes for another rate cut
Stocks steadily strengthened after the Federal Reserve’s recent interest rate cut, but failed to meet with the anticipated promises. Market is continuously being hurt by the debt market – to alleviate the ongoing credit crunch and to calm the market precariousness, another rate cut is ho[...]