Federal Reserve Chairman Ben S. Bernanke tomorrow may disappoint stock investors betting on a commitment to step up stimulus. He has little choice, given rising consumer prices and a U.S. economy that is still growing.
Federal Reserve Chairman Ben S. Bernanke signaled that signs of deeper economic weakness would be needed to justify additional monetary stimulus, even as he said there’s an “unusually uncertain” outlook for growth.
Federal Reserve Chairman Ben S. Bernanke ’s push to jump-start the U.S. economy this week may weaken the dollar, forcing at least one other central bank to add its own stimulus to offset a rising exchange rate.
Treasuries rose as the U.S. sold $29 billion in seven-year notes at a record low yield amid speculation Federal Reserve Chairman Ben S. Bernanke may disappoint investors betting on additional economic stimulus.
Raghuram Rajan accurately warned central bankers in 2005 of a potential financial crisis if banks lost confidence in each other. Now the International Monetary Fund’s former chief economist says the Federal Reserve should consider raising rates, even as almost 10 percent of the U.S. workforce remains unemployed.