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Independent voices from the The Washington Times Communities
Topic - Ben Bernanke
Stocks edged higher in early trading on Wall Street Friday, pushing major indexes further into record territory.
The Federal Reserve has decided against reducing its stimulus for the U.S. economy, saying it will continue to buy $85 billion a month in bonds because it thinks the economy still needs the support.
When the Federal Reserve ends a policy meeting Wednesday, many investors expect it to announce a shift in course. What they don't want are any surprises.
Hiring is soft. Pay is barely up. Consumers are cautious. Economic growth has yet to pick up.
Released Friday, the new jobs report said the United States gained 162,000 new jobs during July and unemployment fell to 7.4 percent.
Federal Reserve Chairman Ben Bernanke said that what the economy needs is more government stimulus in the form of easy money, or qualitative easing.
The Federal Reserve said Wednesday that it will maintain the pace of its bond-buying program to keep long-term interest rates at record lows. But it offered a more optimistic outlook for the U.S. economy and job market.
Financial markets around the world were roiled Thursday after Japanese stocks suffered their biggest slide since the country was hit by a devastating tsunami more than two years ago.
Nearly three years after Congress passed the most far-reaching new regulations on Wall Street since the Great Depression, worries have resurfaced that the biggest U.S. banks have only grown in size and remain bailout candidates because they are "too big to fail."
Most major churches in my home state of Ohio have decided that Medicaid expansion is good public policy. In recent weeks, churches have come out in support of Gov. John Kasich’s plan to expand Medicaid coverage to 275,000 low-income, uninsured Ohioans. Pastors argue that taking care of our own people is appropriate for a Christian nation – apparently removing their own congregations from the equation.
Federal Reserve chairman Ben S. Bernanke said Wednesday he doesn't believe the central bank is feeding a bubble in the stock market by keeping interest rates near zero.
Former Treasury Secretary Timothy Geithner has a book deal.
The United States of America, once the greatest and wealthiest nation in world history, has gone broke. Federal Reserve Chairman Ben S. Bernanke continues to print crazy amounts of money to cover up this fact, but the truth is that we are on an unsustainable course. We continue to spend more money than what we take in every year. Piggyback that on the amount of interest we have to pay to service our debt each year, and you get a recipe for financial ruin.
The U.S. economy just barely eked out a quarter of growth at the end of last year, according to revised estimates published by the Commerce Department on Thursday morning.
Facing criticism from Republican lawmakers, Fed Chairman Ben S. Bernanke stood behind the Federal Reserve's low-interest-rate policies Wednesday and sought to reassure members of Congress that the central bank has a handle on the risks.
Resolving the fiscal crisis would prevent a sudden and severe shock to the economy, help reduce unemployment and strengthen growth, he said.
Bernanke said several factors have weighed on growth: Long-term unemployment has eroded many workers' skills and led some who have lost jobs to stop looking for one.