Ben Bernanke
Bernanke says derivatives make economy resilient
Federal Reserve Chairman Ben Bernanke said in a response made public on Wednesday 15 March to a senator's question that derivatives were being well-managed and had bolstered the US economy's resilience to shocks in recent years.
Fukui sees continuity with Bernanke Fed
Bank of Japan governor Toshihiko Fukui said Thursday 16 March that Federal Reserve chairman Ben Bernanke seems inclined to carry on the general policy direction of former Fed chief Alan Greenspan.
Fed's Bernanke 'concerned' over budget deficit
Federal Reserve chairman Ben Bernanke said he was concerned about the U.S. budget deficit, noting in a letter released Tuesday 14 March that an aging population is going to increase pressure on the budget.
Comment: Yellen's 'long-run' inflation target
San Francisco Fed president, Janet Yellen, who has emerged as one of Ben Bernanke's strongest allies in the inflation targeting debate at the Fed, provided further insights into what she regards as the optimal design of such a framework in a speech on…
Bernanke on community banking & bank supervision
In the speech 'Community banking and community bank supervision in the twenty-first century' given on 8 March Ben Bernanke of the Federal Reserve said the rapid growth in commercial real-estate loans made by community banks bears watching.
Comment: Presidential Fed nominations
When George W. Bush announces his nomination to replace departing vice chairman, Roger Ferguson, he will have chosen all seven members of the board of governors at the Fed. In doing so, he will join Ronald Reagan and Franklin Roosevelt as the only…
Fed's Bernanke on the benefits of price stability
In the speech 'The benefits of price stability' given on 24 February Ben Bernanke of the Federal Reserve said the Fed needs to keep inflation low to meet its other mandated goals of high employment and moderate long-term interest rates.
Bernanke says bad idea to manage asset prices
The Federal Reserve has to pay close attention to asset prices because they affect the economy, according to Fed chairman Ben Bernanke, but it is not a good idea for the US central bank to try to affect their prices directly.
Fed's loss is Bernanke's gain
According to this article published Thursday 23 February, with Vice-Chairman Roger W. Ferguson Jr., a Democrat, out of the way, the new Federal Reserve chairman can now dominate the inflation debate.
Comment: Ferguson bids Fed farewell
The vice chairman of the Federal Reserve, Roger Ferguson, will retire in two months time and he will not attend the Fed's next rate-setting meeting on March 27-28. Ferguson's departure underscores the idea of a Fed in flux.
Roger Ferguson resigns from Fed Board
In a surprise move, Roger Ferguson, Jr. submitted his resignationon Wednesday 22 February as Vice Chairman and as a member of the Board of Governors of the Federal Reserve System, effective April 28, 2006.
Fed's Pianalto says growth, stability go together
Cleveland Fed president Sandra Pianalto said Thursday 16 February that the Federal Reserve's twin objectives of price stability and growth go hand in hand.
New Fed chief meets same old Congress
In terms of the testimony itself, the transition from Greenspan to Bernanke was seamless, according to this article published on Thursday 17 February. But he did it in language that Congress and the larger audience - financial markets - could understand,…
Bernanke: Greenspan speeches don't violate ethics
Fed chairman Ben Bernanke said his predecessor, Alan Greenspan, has not violated any central bank or federal government ethics rules as a result of his recent series of private speeches since leaving his post on 1 February
Fed chief rules out mandate change
Ben Bernanke said he doesn't want Congress to change the Federal Reserve's mandate that it pay attention to both price stability and maximum employment or economic growth.
Lacker on transition and continuity at the Fed
In the speech 'Transition and continuity at the Federal Reserve in 2006' given on 14 February Jeffrey Lacker of the Federal Reserve Bank of Richmond said that incoming Fed Chairman Ben Bernanke must preserve the hard-won credibility for maintaining low…
Bernanke says more rate rises 'may' be necessary
Ben Bernanke told Congress on Wednesday 15 February that more US rate hikes "may" be necessary as the threat of higher inflation persists despite a year-and-a-half of steady tightening.
Comment: Bernanke's debut
New Fed chairman, Ben Bernanke, provided little further insight into the likely further path of interest rates in the US on Wednesday. On the whole he painted a fairly rosy picture of the economy's health - both in a cyclical and structural sense. His…
Comment: Bernanke gets more time
The new Fed chairman, Ben Bernanke, will have an extra day to listen to different opinions and pore over the latest data on the American economy at his first FOMC meeting. Yesterday's news that the March 28 meeting will be expanded could increase…
Bernanke's remarks at swearing-in ceremony
Ben Bernanke made some brief remarks after being sworn in as chairman of the US Federal Reserve by president, George W Bush, on February 6, 2002.
New Fed chair has passion for equations
This article published on Thursday 2 February takes an in-depth look at Ben Bernanke. The new Fed chief, it says, wants to strip away some of the mystery of the Fed and come out with an inflation range to aim for over the medium or long term.
Greenspan goes out with final jab at inflation
The Federal Reserve's decision to increase interest rates again left open the possibility of another increase next month in a smooth handoff of the Fed policy baton from Greenspan to Ben Bernanke, this article published on Wednesday 1 February says.
Bernanke inherits an experienced Fed staff
Alan Greenspan's legacy includes a Fed full of battle-tested veterans who helped him calm the markets and steer the U.S. economy through September 11, the 1987 stock market crash, the international currency crises of the 1990s and two recessions,…
Ben Bernanke sworn in as Fed chairman
Ben Bernanke on Wednesday 1 February became the fourteenth Chairman of the Board of Governors of the Federal Reserve System and the Chairman of the Federal Open Market Committee, succeeding Alan Greenspan.