Federal Reserve Chairman Ben Bernanke said on Monday that the Feds’ stimulation of the economy has indeed helped reduce the amount of unemployed in recent months, but warned that because of the size and duration of the problem there could result lasting damage to the US economy as a whole. “Recent improvements are encouraging,” he… Continue Reading
The Federal Reserve is still debating whether or not to embark on a third phase of quantitative easing, shorthand QE3, said William Dudley New York Fed president, a close confidant of Federal Reserve Chairman Ben Bernanke. Dudley believes that the economy’s recovery is still fragile, despite the recent signs of improvement. If not handled properly… Continue Reading
Federal Reserve Chairman Ben Bernanke said in a pre-recorded speech delivered at the convention of Independent Community Bankers of America that, despite the slow improvement of the US economy, American community banks are developing and getting stronger. The remarks were broadcast on a video monitor at the convention of community bankers held earlier this week… Continue Reading
The minutes from the policy-setting meeting of the Federal Reserve on January 24-25 shows a board divided on whether a new bond-buying program should be launched to help give a boost to the economy. Feds Split on Bond-Buying Option Although there appear to be some Fed officials in favor of such a bond-buying program now,… Continue Reading