Stocks extend losses after Bernanke's comments

Oct. 7, 2008

NEW YORK (Reuters) - Stocks extended losses on Tuesday, with the Nasdaq and the S&P 500 briefly falling more than 3 percent, after Federal Reserve Chairman Ben Bernanke cautioned that downside risks to economic growth have worsened, though he signaled a readiness to lower interest rates.

Bernanke says rate cuts are 'feasible'

AUSTIN, Texas, Dec. 1 (UPI) -- U.S. Federal Reserve Chairman Ben Bernanke said Monday that further reductions in the current lending rate are possible.

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 urges caution on foreclosures

WASHINGTON, Nov. 18 (UPI) -- U.S. Federal Reserve Chairman Ben Bernanke Tuesday praised the Federal Deposit Insurance Corp.'s approach to heading off home foreclosures.

Central banks poised to cut rates

WASHINGTON, Oct. 28 (UPI) -- Authorities at central banks in Europe and the United States have indicated that lending rate cuts to support the battered global economy may be coming soon.

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.

Federal funds rate remains unchanged

WASHINGTON, Sept. 16 (UPI) -- The Federal Open Market Committee decided Tuesday to keep its target for the federal funds rate at 2 percent, U.S. officials said.

Bernanke banking on commodities and dollar

JACKSON HOLE, Wyo., Aug. 22 (UPI) -- U.S. Federal Reserve Chairman Ben Bernanke said Friday "the financial storm" hadn't abated but was rippling through the general economy.

Federal Reserve leaves rates at 2 percent

WASHINGTON, Aug. 5 (UPI) -- The U.S. Federal Reserve Open Market Committee said Tuesday it would maintain its target for the federal funds interest rate at 2 percent.

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 signals end to rate reductions

WASHINGTON, June 3 (UPI) -- U.S. Federal Reserve Chairman Ben Bernanke's remarks via satellite Tuesday signaled an end of the central bank's current focus on market liquidity.

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.

Greenspan defends interest rate policy

WASHINGTON, March 21 (UPI) -- Former U.S. Federal Reserve Chairman Alan Greenspan defended his interest rate policy, but said he should have monitored banks more closely.

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 pledges support for homeowners

WASHINGTON, March 14 (UPI) -- U.S. Federal Reserve Chairman Ben S. Bernanke reaffirmed the Fed's commitment to homeowners Friday, citing ongoing troubles in the mortgage market.