Federal Reserve Chairman Ben S. Bernanke on Wednesday rejected an argument frequently made by Republican deficit hawks that immediate, deep cuts in federal spending will help produce jobs.
Federal Reserve Chairman Ben S. Bernanke on Tuesday urged Republicans to support raising the nation's borrowing limit. He said threatening to block the increase to gain deeper federal spending cuts could backfire and worsen the economy.
In a much-discussed live televised forum last week, Jamie Dimon, CEO of JP Morgan Chase, asked Federal Reserve Chairman Ben S. Bernanke the 64-trillion-dollar question. While most commentators focused on the apt question, it was Mr. Bernanke's answer that shocked me when I heard it - and ought to shock the nation much more than it has so far.
The U.S. Treasury next month will go back to relying on the kindness of strangers like never before to purchase the nation's burgeoning debts — and taxpayers may have to pay higher interest rates to attract enough foreign investors, analysts say.
Federal Reserve Chairman Ben S. Bernanke sounded an optimistic note Tuesday that economic growth will pick up in the summer and fall after softening this spring under the weight of high gasoline prices and disruptions from the Japanese earthquake.
In a message for Memorial Day, the Afghan ambassador mourned the loss of American troops fighting to save his country from Taliban terrorists.
Sen. Richard J. Durbin, Illinois Democrat, is here to help. Grab your debit card and run. Thanks to the latest kindness from the Senate's No. 2 Democrat, many of America's 185 million debit-card owners soon will endure new fees and lose existing benefits. Other consumers can kiss their free checking accounts goodbye. Mr. Durbin's bright idea even could shutter some banks.
Federal Reserve Chairman Ben S. Bernanke and other regulators gave Congress an update Thursday on their efforts to implement the biggest overhaul of the nation's financial rules since the Great Depression.
Vice President Joseph R. Biden Jr. and Secretary of State Hillary Rodham Clinton both expressed concerns on Monday about the recent security crackdown in China.
