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Latest Bernanke Doctrine Stories

2009-12-16 15:21:00

FORT LEE, N.J., Dec. 16 /PRNewswire/ -- The National Inflation Association - http://inflation.us today named Federal Reserve Chairman Ben Bernanke 'Villain of the Year 2009'. Although the mainstream media is widely praising Bernanke for preventing the next Great Depression, all Bernanke has done is create unprecedented amounts of inflation in unprecedented ways. When it costs $20 for a gallon of milk in a few years, Americans will have nobody to thank more than Bernanke. While Bernanke...

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2009-07-21 12:24:20

U.S. Federal Reserve Chairman Ben Bernanke said Tuesday the U.S. economy and financial markets have improved but were still too weak to raise interest rates. Rates will therefore likely remain at exceptionally low levels for extended periods, Bernanke told the House Financial Services Committee. While the pace of economic decline appears to have slowed significantly, the labor market continues to weaken, he said. The unemployment rate is currently at a 26-year high of 9.5 percent, and the Fed...

2009-02-10 12:55:15

U.S. Federal Reserve Chairman Ben Bernanke said the central bank would review its public disclosure policies due to increased interest in Fed actions. Recent developments have understandably lead to a substantial increase in the public's interest in the Fed's balance sheet and programs, Bernanke told members of the House Committee on Financial Services Tuesday. Bernanke defended his track record on transparency, but said he would push for further clarity and pubic communication, because many...

2008-08-24 12:00:17

By Michael M. Grynbaum Louis Uchitelle contributed reporting from Jackson Hole, Wyoming. * The chairman of the Federal Reserve, Ben Bernanke, warned on Friday that the U.S. economy would "fall short of potential for a time" and urged regulators to develop a broader approach to policing the financial industry. Speaking at a conference in Jackson Hole, Wyoming, Bernanke offered an economic outlook that was not significantly different from the comments released by Fed officials after...

2008-08-24 00:00:15

By The Associated Press JACKSON, Wyo. (AP) - Federal Reserve Chairman Ben Bernanke said Friday the financial crisis that has pounded the country - coupled with higher inflation - is taking a toll on the economy and poses a major challenge to Fed policymakers as they try to restore stability."Although we have seen improved functioning in some markets, the financial storm that reached gale force" around this time last year "has not yet subsided, and its effects on the broader economy are...

2008-08-22 12:00:09

U.S. Federal Reserve Chairman Ben Bernanke said Friday "the financial storm" hadn't abated but was rippling through the general economy. Speaking at the central bank's annual meeting in Jackson Hole, Wyo., Bernanke said, "the financial storm that reached gale forces Â… has not yet subsided." Bernanke said the "recent decline in commodity prices, as well as the increased stability of the dollar, has been encouraging." The bank, he said, "is committed to achieving medium-term...

2008-07-17 06:00:19

By Sue Kirchhoff WASHINGTON -- Consumer prices surged in June at the fastest rate since 2005, causing headaches for American families as well as for Federal Reserve Chairman Ben Bernanke. Wrapping up two days of testimony to Congress, Bernanke said Wednesday that the rate of inflation is too high and must come down. The Labor Department said its consumer price index jumped 1.1% in June, the biggest monthly increase since September 2005, when Hurricane Katrina disrupted oil production in...

2008-07-15 12:00:07

U.S. financial institutions remain stressed and the economy faces a slow recovery, Federal Reserve Bank Chairman Ben Bernanke said Tuesday. Bernanke told members of the U.S. Senate Committee on Banking, Housing and Urban Affairs in Washington that lowering key interest rates and expanded lending in recent months have had positive effects. However, declining house prices, a softening labor market and rising prices of oil, food and some other commodities present the economy with numerous...

2006-07-19 12:00:55

By Tim Ahmann WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke warned on Wednesday the U.S. economy still faced a risk of heightened inflation but said cooler growth should curb price pressures over time. In remarks that were seen as keeping the U.S. central bank's options open on interest rates, Bernanke said the Fed faced both the risk of pushing rates too high and damaging the economy, and the danger of not doing enough to curb inflation. "There are risks in both...

2006-07-19 09:16:01

WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke warned on Wednesday stubbornly high inflation could harm the U.S. economy and that the U.S. central bank must guard against rising prices taking hold. Bernanke said while the Fed was forecasting cooler economic growth and some moderation in inflation next year, the central bank remained worried about pricey oil and tight labor markets and the risk they might foster expectations for rising prices. "Persistently higher...


Word of the Day
vermicular
  • Like a worm in form or movement; vermiform; tortuous or sinuous; also, writhing or wriggling.
  • Like the track or trace of a worm; appearing as if worm-eaten; vermiculate.
  • Marked with fine, close-set, wavy or tortuous lines of color; vermiculated.
  • A form of rusticated masonry which is so wrought as to appear thickly indented with worm-tracks.
This word ultimately comes from the Latin 'vermis,' worm.
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