Ben Bernanke

  • Six events that will matter in 2014 January 20, 2014

    1. Sky City, the world's tallest skyscraper, to open in Changsha, China Burj Khalifa, the tallest skyscraper in the world, officially opened on January 4, 2010. It's both an architectural marvel and a reminder of hubrisfor it coincided with Dubai's financial troubles. Its record will be broken by China's Sky City...
  • Obama to nominate Janet Yellen for top Fed job, markets relieved October 9, 2013

    US President Barack Obama will nominate Fed number two Janet Yellen on Wednesday to run the world's most influential central bank, providing some relief to markets that would expect her to tread carefully in winding down economic stimulus. The nomination will put Yellen on course to be the first woman to...
  • US Fed surprises, sticks to stimulus as it cuts growth outlook September 19, 2013

    The US Federal Reserve defied investor expectations on Wednesday by postponing the start of the wind down of its massive monetary stimulus, saying it wanted to wait for more evidence of solid economic growth. Investors responded by propelling US stocks to record highs and driving down bond yields. Yields on US Treasury debt...
  • US Federal Reserve surprises, sticks to bond-buying stimulus as it cuts growth outlook September 19, 2013

    The US Federal Reserve defied investor expectations on Wednesday by postponing the start of the wind down of its massive monetary stimulus, saying it wanted to wait for more evidence of solid economic growth. Investors responded by propelling US stocks to record highs and driving down bond yields. Yields on US...
  • Ben Bernanke tells Congress Fed flexible on bond buying July 18, 2013

    Washington: Federal Reserve Chairman Ben Bernanke said on Wednesday the US central bank still expects to start scaling back its massive bond purchase program later this year, but he left open the option of changing that plan if the economic outlook shifted. While sticking closely to a timeline to wind down...
  • Sensex ends 180 points up; reclaims 20,000 mark July 18, 2013

    Mumbai: Boosted by fagend buying spurt, the benchmark S&P BSE Sensex today reclaimed the 20,000mark with a 180point boost on hopes of continued earnings momentum amid assurances by US Fed about maintaining its stimulus programme. Bluechips including HDFC Bank, ONGC, Infosys, L&T, Bharti Airtel, HDFC, ICICI Bank and SBI together added...
  • Wall Street jumps; Dow, S&P 500 close at record highs July 12, 2013

    New York: The S&P 500 index and the Dow industrials closed on Thursday at record highs, a day after Federal Reserve Chairman Ben Bernanke said the US central bank will keep a loose monetary policy for some time to lower the unemployment rate. Bernanke said after the market's close on Wednesday...
  • Rupee opens strong at 59.32/dollar on Bernanke's comments July 11, 2013

    Mumbai: Rupee appreciated further in early trade on Thursday, opening with 34 paise gains at 59.32 per dollar as against previous day's closing value of 59.66. The domestic currency has been gaining for the third consecutive day today after hitting a record low of 61.21 per dollar Monday. The euro spiked to...
  • Sensex zooms to 6week high; rises on Fed comments, strong rupee July 11, 2013

    Mumbai: Tracking strong global cues, the BSE benchmark Sensex on Thursday shot up by a whopping 382 points to close at near sixweek highs led by a rally in bluechips, buoyed by US Federal Reserve Chief Ben Bernanke's comments on continuing monetary stimulus. The 30share index started the day on...
  • 'Remarkable economic transformation in India, China' January 15, 2013

    Washington: Emerging markets like India and China are witnessing a remarkable transformation, despite a slowdown in economic growth, lifting millions of people out of poverty, Federal Reserve Chairman Ben Bernanke has said. "In the emerging markets, you have a variety of different stories, but I think the fundamentals there, in...
  • US Fed set to launch third round of stimulus September 13, 2012

    Washington: The US Federal Reserve appears set to launch a third round of unconventional monetary stimulus on Thursday while signaling that a weak US economy may warrant ultralow interest rates for at least another three years. Not everyone believes the Fed will embark on another bondbuying spree, and plenty of doubts...
  • Bernanke offers gloomy view on US economy July 18, 2012

    Washington: Federal Reserve Chairman Ben Bernanke on Tuesday offered a gloomy view of the economy's prospects, but provided few concrete clues on whether the US central bank was moving closer to a fresh round of monetary stimulus. Bernanke told the Senate Banking Committee the economic recovery was being held back by...
  • Asian markets down ahead of Bernanke speech August 26, 2011

    Tokyo: Japan's Nikkei stock average was flat on Friday as investors cautiously awaited a speech from Federal Reserve Chairman Ben Bernanke for clues on what steps the US central bank will take to support the economy. Bernanke, scheduled to speak on Friday at 10 am New York time (1400 GMT), is...
  • Bernanke is Time magazine's Person of the Year December 16, 2009

    New York: Federal Reserve Chairman Ben Bernanke was named Person of the Year by Time magazine on Wednesday, a highly visible show of support at a time he seeks to beat back proposals that would erode the central bank's authority and independence. Time credited Bernanke with creative leadership that ensured 2009...
  • US recession 'very likely' over: Bernanke September 17, 2009

    Washington: Federal Reserve Chairman Ben Bernanke said on Tuesday that the worst US recession in seven decades has "very likely" come to an end, but warned the country's economy will remain weak for some time. The US Central Bank Head said there was general agreement among economists that the United States...
  • Acid test: Tasks lined up for Ben Bernanke in Term II August 26, 2009

    Washington: In the hours before and after US President Barack Obama renominated him as chairman of the US Federal Reserve, Ben Bernanke got two reminders of the thorny tasks that await him in his second term. Late on Monday, a federal judge ruled the central bank must name firms that borrowed...
  • US economy to 'turn up' this year: Bernanke May 5, 2009

    Washington: Federal Reserve Chairman Ben Bernanke told Congress on Tuesday the threeyear US housing bust may be near a bottom and that he expected the recession to end this year barring a relapse of the financial crisis. Bernanke sounded more confident than he had in recent weeks that the pieces were...
  • US recession could end in '09: Fed Reserve Chaiman March 16, 2009

    Washington: America's recession "probably" will end this year if the government succeeds in bolstering the banking system, Federal Reserve Chairman Ben Bernanke said. In carefully hedged remarks in an interview with CBS' "60 Minutes," Bernanke seemed Sunday to express a bit more optimism that this could be done. Still, Bernanke stressed as...
  • US stimulus could end recession this year : Bernanke February 25, 2009

    Washington: If massive government action to revive the US economy is successful, the recession affecting the world's largest economy could begin to turn around this year, Federal Reserve Chairman Ben Bernanke said on Tuesday. Testifying before the US Senate Banking Committee, the central bank chairman said the government stimulus is essential...
  • US Fed Reserve slashes interest by half pc October 8, 2008

    New Delhi: A worried US Federal Reserve slashed interest rates by half per cent on Wednesday to support the faltering US economy. This is a departure from the Fed Reserve's earlier stand that lowering rates would have little effect in boosting economic activity while credit markets are frozen. It's not just...
  • Fed Reserve hints interest rate cut to boost liquidity October 8, 2008

    New York: In the US, a worried US Federal Reserve Chairman Ben Bernanke has hinted that the central bank may slash interest rates further to support the faltering US economy. This is a departure from the Federal Reserve's earlier stand that lowering rates would have little effect in boosting economic...
  • Oil prices fall by $10, biggest dip in 17 years July 16, 2008

    New Delhi: Global oil prices have fallen sharply in the global market following fears that a further economic slowdown in the US could hit demand. Prices plunged more than $10 a barrel at one point in New York. It's the biggest drop in oil price in 17 years. Analysts are...
  • Fed Reserve Chairman gives weak economic forecast April 3, 2008

    Washington: In a blunt and sobering assessment, US Federal Reserve Chairman Ben Bernanke told a congressional committee the economy is still "slightly growing but the economic forecast has weakened in recent months. ''It now appears likely that real Gross Domestic Product will not grow much, if at all, over the first...
  • Can Bernanke save US markets from subprime crisis? September 3, 2007

    New Delhi: Ben Bernanke said on Friday the Federal Reserve would act as needed to ease the impact of recent market turmoil on the economy, in a speech widely interpreted as opening the door to possible interest rate cuts. US shares rose nearly 1 per cent on Friday as Mr Bush...
  • Sensex picks up | Bernanke recues US mkts September 3, 2007

    New Delhi: Indian stock markets jumped high in the morning trade on Monday with BSE Sensex quoting above 15,352 (a gain of 196.30 points) and the Nifty at 4,477 points. All the major stocks were trading in the green. While brokers are still skeptical that it may to be too...