Ben Bernanke
Federal Reserve chairman Ben Bernanke said the central bank is unlikely to pump further stimulus into the US economy unless it sees an unexpected sharp deterioration.
The S&P 500 closed at its highest level since May 2008 after Fed chairman Ben Bernanke hinted the US central bank would keep in place its supportive monetary policy.
Martin Weale voiced fears over "persistent" inflation yesterday in a hawkish speech underlining the growing splits at the Bank of England over the path of monetary policy.
Other Ben Bernanke articles
A Federal Reserve official has called for more “monetary accommodation” to tackle surging unemployment and the country's creaking mortgage market.
Douglas Roberts, chief international economist at Standard Life Investments, outlines the options available to policymakers in a slow growth environment.
US Federal Reserve chairman Ben Bernanke has told Congress the US economy is "close to faltering" and more action may be needed.
The Federal Reserve will not pump extra money into the ailing US economy, but policymakers last night unveiled a new scheme which they hope will stimulate growth.
US markets moved lower in the immediate aftermath of Ben Bernanke's Jackson Hole speech after the Fed chairman made no firm commitment to further stimulus.
The US Commerce Department has said US GDP rose at an annualised rate of just 1% in the second quarter, down from an earlier estimate of 1.3%.
(Update) The FTSE opened more than 40 points lower on Friday as US Federal Reserve chairman Ben Bernanke gears up to deliver a key speech on the ailing US economy.
Update (1:07pm): The FTSE briefly joined the bear-market club on Tuesday before regaining most of the day's losses as global markets continue to experience extreme volatility.
The Federal Reserve chairman Ben Bernanke has ramped up pressure on Congress to agree on its debt ceiling level, in light of rating agencies S&P's and Moody's threats to cut the US' AAA debt rating.
Ratings agency Moody's has said it may cut the US AAA debt rating, citing the "rising possibility" the US will default on its debt obligations.
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