Bernanke

Bernanke urges Congress to rein in budget deficits and buy additional securities

October 5, 2010 - 3:03am | Analytics | News

Yesterday Federal Reserve Chairman Ben S. Bernanke has made a statement in Providence, R.I. calling on Congress to work over the new rules that will rein in budget deficits. “For now, the budget deficit has stabilized and, so long as the economy and financial markets continue to recover, it should narrow relative to national income over the next few years. Economic conditions provide little scope for reducing deficits significantly further over the next year or two; indeed, premature fiscal tightening could put the recovery at risk,” said Bernanke.

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Bernanke is confident to keep inflation under control

February 26, 2009 - 6:44pm | Analytics | News

Federal Reserve Chairman Ben Bernanke said on Wednesday that he had an exit strategy from the US central bank's recent massive monetary expansion that will keep inflation under control as the economy recovers.

"We are quite confident that we can raise interest rates, reduce the money supply and do that all in a timely way to avoid any inflationary consequences," Bernanke told the House of Representatives Financial Services Committee as he delivered a second day of testimony on the Fed's monetary policy report.

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Henry Paulson kills automarket to save Wall Street banks

November 19, 2008 - 5:22am | Analytics | Articles

When asked why the economy has become worse after Congress gave him the authority Henry M. Paulson said the following: “The purpose of the financial rescue legislation was to stabilize our financial system and to strengthen it. It is not a panacea for all our economic difficulties. The crisis in our financial system had already spilled over into the overall economy.

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