Markets Slide After Bernanke Remarks

Oct. 7, 2008

The Dow skidded after the Federal Reserve chairman said that the outlook for economic growth had worsened.

Bernanke says credit is improving

WASHINGTON, Nov. 18 (UPI) -- U.S. Federal Reserve Chairman Ben Bernanke told members of Congress Tuesday the federal equity purchase plan has begun to take hold.

Bernanke backs a new stimulus bill

WASHINGTON, Oct. 20 (UPI) -- U.S. Federal Reserve Chairman Ben Bernanke said Monday he supports a new economic stimulus package to improve the availability of credit.

Bernanke suggests rate cuts possible

WASHINGTON, Oct. 7 (UPI) -- U.S. Federal Reserve Chairman Ben Bernanke said Tuesday the central bank would reassess its monetary policy, indicating a federal fund rate cut was possible.

Bernanke stumps for bailout again

WASHINGTON, Sept. 24 (UPI) -- U.S. Federal Reserve Chairman Ben Bernanke in Washington Wednesday repeated his call for support of a massive bailout plan for financial firms.

Bernanke warns of slow economic recovery

WASHINGTON, July 15 (UPI) -- U.S. financial institutions remain stressed and the economy faces a slow recovery, Federal Reserve Bank Chairman Ben Bernanke said Tuesday.

Bernanke says restoring liquidity helped

ATLANTA, May 13 (UPI) -- U.S. Federal Reserve Chairman Ben Bernanke said Tuesday the central bank's efforts to add liquidity to financial markets appear to have made an impact.

Federal Reserve cuts key rates

WASHINGTON, March 18 (UPI) -- The U.S. Federal Reserve cut the federal funds rate to 2 1/4 percent Tuesday in a bid to bolster confidence on Wall Street.

Bernanke denies stagflation looms

WASHINGTON, Feb. 28 (UPI) -- U.S. Federal Reserve Chairman Ben S. Bernanke told the Senate Banking Committee Thursday he did not believe the economy was headed towards stagflation.

Fed reduces expectations, Bernanke says

WASHINGTON, Feb. 27 (UPI) -- U.S. Federal Reserve Chairman Ben S. Bernanke Wednesday said the central bank "will act in a timely manner to support growth."

Bernanke signals more Fed action

WASHINGTON, Feb. 14 (UPI) -- U.S. Federal Reserve Chairman Ben S. Bernanke hinted at further interest rate cuts in testimony Thursday before the Senate Banking Committee.

Fed cuts interest rates to boost economy

WASHINGTON, Jan. 22 (UPI) -- The U.S. Federal Reserve cut the federal funds rate 3/4 of a point Tuesday in a bid to stem panic on Wall Street.

Bernanke: Quick, temporary stimulus needed

WASHINGTON, Jan. 17 (UPI) -- An economic stimulus plan should be implemented quickly and temporarily to be useful, U.S. Federal Reserve Chairman Ben Bernanke said Thursday.

Bernanke: Fed watching credit, inflation

WASHINGTON, Nov. 8 (UPI) -- The U.S. Federal Reserve is keeping an eye on the subprime mortgage crisis and soaring oil prices, Fed Chairman Ben Bernanke told a joint congressional panel.

U.S. inflation 'high,' Bernanke says

WASHINGTON, March 28 (UPI) -- Core U.S. inflation remains "uncomfortably high," although it appears it will "gradually ebb," U.S. Federal Reserve Chairman Ben Bernanke said Wednesday.