Bernanke says it’s very important that Congress raise the debt ceiling so the government can pay its bills.
The Federal Reserve sizes up the economy in a two-day policy meeting which concludes Wednesday.
Federal banking regulators are examining whether mortgage companies cut corners on their own procedures when they moved to foreclose on people’s homes, Federal Reserve Chairman Ben Bernanke said Monday.
Federal Reserve policymakers are wrestling with what additional steps – if any – should be taken to strengthen the plodding economy and drive down near double-digit unemployment.
Federal Reserve Chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter the largest institutions if they threaten to bring down the financial system.
Federal Reserve Chairman Ben Bernanke said Friday that the Fed will consider making another large-scale purchase of securities if the slowing economy were to deteriorate significantly and signs of deflation were to flare.
Fed chair Ben Bernanke testifies before the House Budget Committee on the state of the economy.