Latest Ben S Items
The minutes of the Dec. 13 meeting of the Federal Reserve Board of Governors revealed the Fed is adopting the strategy of being more transparent when communicating its intent on the movement of short-term interest rates.
Consumer confidence is at the highest level it's been since the recession officially ended in February. Many financial analysts share the optimistic outlook. An Associated Press poll of economists projected higher growth for the U.S. economy in 2012. The bad news is that the positive growth figure is contingent on Europe's economic situation remaining relatively stable - and that's not likely.
The U.S. has stayed uncharacteristically distant as European nations struggle with their long-running debt crisis, creating an opening for big emerging nations such as China and Brazil to move to center stage in world economic affairs.
Anyone looking at the chart of the S&P 500 over the past few weeks and thinking to themselves "Holy cow" or "Boy, that is a roller coaster for the brave of heart."
Federal Reserve Chairman Ben S. Bernanke said Wednesday that small businesses are still struggling to get loans more than two years after the recession ended. He said banks could help small businesses by easing lending standards.
Federal Reserve Chairman Ben S. Bernanke and his policymakers last week announced Operation Twist, the rearranging of the Fed's vast resources from short-term debt to long-term debt.