BEN BERNANKE

The U.S. Federal Reserve cut its 2009 economic forecast sharply and discussed setting a target for inflation at its previous meeting as a deepening recession heightened fears of a dangerous decline in prices.

that is the rate of inflation that promotes maximum sustainable employment while also delivering reasonable price stability, Fed Chairman Ben Bernanke told the National Press Club. Taking on-the-record questions from the media for the first time since becoming Fed chairman, Bernanke said the long-run projections should help anchor the public's expectations about the future path of inflation i...

Federal Reserve Chairman Ben Bernanke pledged anew Wednesday to do everything in his power to lift the country out of recession, while defending the extraordinary steps the Fed has taken to fight the worst credit and financial crisis since the 1930s.

that is the rate of inflation that promotes maximum sustainable employment while also delivering reasonable price stability, Bernanke said. He said the long-run projections should help anchor the public's expectations about the future path of inflation in a way that could help prevent a self-feeding inflationary, or deflationary, psychology. Bernanke said aggressive steps the Fed had taken t...

Amid a financial crisis which has resulted in extremely tight credit for households and businesses, the Federal Reserve's policy making committee emerged from a two-day meeting saying they will keep interest rates at their current record lows since current conditions will warrant it.

This week, in a speech before the London School of Economics, Fed Chairman Ben Bernanke offered a perverse economic theory in his quest to gather support for

The idea of creating a bad bank to assume the risky investments of financial institutions is being considered by top U.S. policy makers as a way of healing the financial system.

Two weeks into the new year, a report of retail decline was another stroke in a patch of turbulent recession as monetary policy makers and the government acknowledge the imperfections and work to fashion a portrait of economic recovery.

Federal Reserve chairman Ben Bernanke said Tuesday that the fiscal stimulus package by President-elect Barak Obama would significantly boost for the stagnant U.S. economy, however he warned it won't be enough to last for the long term unless other steps are taken to stabilize the shaky financial system.

Gold futures gained in electronic trading on Wednesday afternoon in New York, after ending lower at the close of trade when the Federal Reserve announced its decision to keep interest rates steady as inflation concerns rise.

U.S. stocks held onto most of its gains on Wednesday after the Federal Reserve decided to end its string of interest rate cuts and maintain rates at 2 percent as inflation concerns rise.

The dollar was steady against the yen on Tuesday after Federal Reserve chief Ben Bernanke said risks to the U.S. economy had decreased and signaled a willingness to fight inflation.

Crude oil futures climbed on Thursday as the dollar fell on speculation that the European Central Bank may raise interest rates next month, pressured by inflation.

Copper futures ended with losses on Tuesday on fears of slowing demand from China and gains in the dollar after comments by Federal Reserve chief Ben Bernanke.

Gold futures fell $11 an ounce on Tuesday after the Federal Reserve Chairman Ben Bernanke hinted that the Fed will not implement any further cuts to borrowing costs for now, sending the dollar higher and dampening the investment appeal of the precious metal as an alternative investment.

Crude slumped as the dollar strengthened on Monday after Federal Reserve chief Ben Bernanke's comments suggesting the Fed is likely to stop cutting rates.

Gold fell the most in two weeks on Tuesday as the U.S. dollar rebounded against the euro, hindering the investment demand for the precious metal.

U.S. stocks fell at Tuesday's start, after the government said soaring fuel prices did not hinder consumers from shopping as much as expected and Oppenheimer & Co.'s Meredith Whitney cut profit projections for Wall Street's biggest securities firms.

U.S. stocks shifted higher on Tuesday, reversing earlier losses and pushing the Standard & Poor's 500 Index to a four-month high, after Fannie Mae calmed investors about its financial situation and oil companies rallied on record crude prices.

The dollar fell on Tuesday after Federal Reserve Chairman Bern Bernanke said home prices may continue to fall as foreclosures increase.

Dollar recovered from record low against the Euro after soft economic data and comments from European policymakers