Ben Bernanke

Ben Bernanke

Ben S. Bernanke is current Chairman of the Board of Governors of the United States Federal Reserve. A distinguished Princeton Economics professor specializing in monetary policy and macroeconomics. Bernanke served the Federal Reserve in... [more]

Ben S. Bernanke is current Chairman of the Board of Governors of the United States Federal Reserve. A distinguished Princeton Economics professor specializing in monetary policy and macroeconomics. Bernanke served the Federal Reserve in other roles before taking the chair.

 
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Federal Reserve Chairman Ben Bernanke's nomination to a second term will be the subject of a Senate Banking Committee hearing next month, the panel's chairman said Friday. President Barack Obama nominated Bernanke to another four-year term in August. The nomination requires Senate approval. Bernanke has drawn both praise and criticism for his creative thinking and unconventional actions to pull the country back from economic ruin last year. His decision to bail out insurance giant American International Group Inc. was especially controversial. Many fear that and other rescues will encourage companies to make reckless gambles because the government will clean up their messes. AIG has ... Read Full Story
WASHINGTON (Reuters) - The Senate Banking Committee said on Friday it will hold a hearing on Federal Reserve Chairman Ben Bernanke's renomination to a second term on December 3, putting the central bank chief under scrutiny at a time when the Fed is facing intense criticism in Congress. President Barack Obama nominated Bernanke to a second four-year stint as Fed chief in August, praising his handling of the financial crisis. Bernanke's first term expires on January 31. The hearing promises to be lively. Lawmakers have accused the Fed of being asleep at the wheel as risky lending practices laid the groundwork for the financial ... Read Full Story
Written by bryanedward63 on
Sen. Chris Dodd (D., Conn.) today announced that Ben Bernanke ’s reappointment hearing will be held on Dec. 3, the same day as President Barack Obama ’s jobs summit , and said the Federal Reserve chairman’s confirmation isn’t necessarily a foregone conclusion. Bernanke’s reappointment has been widely expected to move through the Senate fairly smoothly. In August Sen. Dodd issued a statement supportive of the Fed chairman. “Chairman Bernanke was too slow to act during the early stages of the foreclosure crisis, but he ultimately demonstrated effective leadership and his reappointment sends the right signal to the markets.” Sen. Dodd was more reserved in ... Read Full Story
RICHMOND, Virginia (Reuters) - A senior Federal Reserve official said on Tuesday that the U.S. central bank must remain vigilant about keeping inflation in check and not let patchy economic weakness deter it from beginning to withdraw extraordinary levels of support. The Fed has slashed borrowing costs to near zero percent and pumped more than $1 trillion into the banking system to stimulate the economy since last year, and the question of when to begin an exit from those measures is a topic of intense discussion. "If we hope to keep inflation in check, we cannot be paralyzed by patches of lingering weakness, which ... Read Full Story
Written by pcorp2008 on
WASHINGTON, Nov. 20 (UPI) -- The U.S. Senate Banking Committee said Friday Federal Reserve Chairman Ben Bernanke will appear before it Dec. 3 for a confirmation hearing. The New York Times reported Bernanke is not expected to have any serious trouble winning a second four-year term, though the Federal Reserve has been criticized for not heading off the financial crisis that hit the nation, sending it into recession. Banking Chairman Christopher Dodd, D-Conn., who has faulted the Fed in the past, now gives Bernanke good grades for dealing with the financial problems, the Times said. Still, on Thursday the U.S. House Financial Services Committee ... Read Full Story
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Ben Bernanke

Ben Bernanke

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WASHINGTON — Federal Reserve Chairman Ben Bernanke’s nomination to a second term will be the subject of a Senate Banking Committee hearing next month, the panel’s chairman said Friday.  
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Federal Reserve Chairman Ben Bernanke on Monday said the central bank will keep a close eye on the sliding U.S. dollar even as he pledged anew to keep interest rates at record-lows to nurture the economic recovery. In remarks to the Economic Club of New York,... Ben Bernanke - Federal Reserve System - Central bank - Chairman of the Federal Reserve - Government  
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The Federal Reserve, far from ever being a hero, deserves the scrutiny it is getting today. The truth is, Chairman Ben Bernanke saw neither the housing crash nor the banking crisis coming. If the Fed had fulfilled its role as a regulator, it would ...  
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Once considered a shoo-in for reconfirmation, Ben Bernanke may not want to get too comfortable in his seat as Federal Reserve chairman. Sen. Chris Dodd (D-Conn.), chairman of the Senate Banking Committee, yesterday told a small group of reporters that Bernanke's Senate confirmation for a second term isn't guaranteed. "Not necessarily, not necessarily," he said in response to a question about whether Bernanke getting a second term was a...  
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Associated PressFed chairman Ben BernankeWASHINGTON -- Wholesale prices rose less than expected in October as the weak economy keeps inflation pressures largely in check.Federal Reserve Chairman Ben Bernanke said Monday that inflation probably will remain "subdued for some time." That...  
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WASHINGTON -- Federal Reserve Chairman Ben Bernanke on Monday said the central bank will keep a close eye on the sliding U.S. dollar even as he pledged anew to keep interest rates at record-lows to nurture the economic recovery. In...  
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With financial regulatory reform bills being debated in Congress, Federal Reserve Chairman Ben Bernanke gave an update on the steps the Fed is taking to improve the U.S. economic outlook. Senate Banking Cmte. Chair Chris Dodd (D-CT) is backing a proposal to strip the Fed of much of its supervisory power over financial institutions. Length: 51 min.Published: Today at 12:15pm (ET)  
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