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Federal Reserve chairman Ben Bernanke endorsed government efforts to stimulate the economy Thursday, as congressional leaders and the Bush administration moved closer to agreement on a plan. ...more
January 18, 2008
As he provided common-sense guidance for a stimulus package to fight recession, Federal Reserve Chairman Ben Bernanke tacitly acknowledged the end of his effort to stay out of fiscal policy specifics. ...more
January 18, 2008
U.S. economic growth will slow to 1 percent in the fourth quarter as consumer spending cools and the housing slump enters its third year, a survey showed. ...more
December 12, 2007
Consumers battered by a slumping housing market and a credit crunch slowed the growth in spending to the smallest amount in four months. In another sign of weakness, construction activity fell by a larger-than-expected amount. ...more
December 1, 2007
Federal Reserve chairman Ben Bernanke on Thursday hinted that another interest rate cut may be needed to bolster the economy. The worsening credit crunch, a deepening housing slump and rising energy prices probably will create some "headwinds for the consumer in the months ahead," he said. ...more
November 30, 2007
The economy grew at a slower pace in the late fall as shoppers watched their pennies heading into the busy holiday season. ...more
November 29, 2007
Federal Reserve Chairman Ben Bernanke moved Wednesday to break down even further the aura of secrecy that historically has enshrouded the institution that sets interest rates, taking steps to keep Main Street and Wall Street more closely wired to decisions that can make or break lives and businesses. ...more
November 15, 2007
When gasoline prices first hit $3 a gallon in 2005, irate lawmakers quickly assembled top oil executives for a public grilling. ...more
November 14, 2007
Federal Reserve Chairman Ben Bernanke said Thursday that economic growth will slow noticeably in coming months while surging oil costs will raise inflation pressures. But he said the economy is nowhere close to the stagflation nightmare of the 1970s and he predicted an economic rebound by mid-2008. ...more
November 9, 2007
Former Federal Reserve chairman Alan Greenspan said rising oil prices will lead businesses and consumers worldwide to use less fossil fuel and increase their use of alternative energy sources. ...more
November 8, 2007
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