Businesses delay investments, hires

Businesses delay investments, hires

WASHINGTON, Aug. 6 (UPI) -- U.S. manufacturers are delaying new investments and hiring, saying they fear the gridlock in Washington will yield tax hikes and budget cuts in January.

Fed official calls for policy response

WASHINGTON, April 3 (UPI) -- The president of the Federal Reserve Bank of New York called on legislators in Washington to adopt new regulations for financial institutions.

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.

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.

Early bounce in U.S. markets falls flat

NEW YORK, Feb. 27 (UPI) -- A rally in U.S. markets petered out Wednesday in spite of a signal from U.S. Federal Reserve Chairman Ben S. Bernanke that interest rates could be cut again.

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

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 outlines mortgage safeguards

WASHINGTON, Dec. 18 (UPI) -- The U.S. Federal Reserve Board proposed Tuesday changes that would protect consumers from "unscrupulous" mortgage lending and advertising practices.

Fed chairman faces first market crisis

NEW YORK, N.Y., Aug. 11 (UPI) -- U.S. Federal Reserve Chairman Ben S. Bernanke is unlikely to cut interest rates, based on the books and the scholarly papers he has written.

Text of Fed statement on interest rates

WASHINGTON, March 21 (UPI) -- The following is the text of the Federal Reserve's statement on U.S. interest rates, released by its Federal Open Market Committee Wednesday:

Fed: Fear inflation, not recession

NEW YORK, Nov. 28 (UPI) -- The chairman of the U.S. Federal Reserve said Monday inflation, not recession, is the main financial threat to the nation's economy.

Ben Bernanke sworn in as new Fed chairman

WASHINGTON, Feb. 1 (UPI) -- Ben S. Bernanke was sworn in Wednesday as the 14th chairman of the board of the U.S. Federal Reserve System.

Fed nominee to continue on Greenspan path

WASHINGTON, Nov. 15 (UPI) -- The White House nominee to head the Federal Reserve vowed Tuesday to continue the monetary policies of the central bank's current chairman.

Bernanke sees no housing bubble in U.S.

WASHINGTON, Oct. 27 (UPI) -- The man nominated to be the next head of the U.S. Federal Reserve shares the current leader's view that there is no housing price bubble.

Fed: Policy remains accommodative

WASHINGTON, Feb. 2 (UPI) -- Here is the text of the statement released by the U.S. Federal Open Market Committee Wednesday after it raised short-term rates.
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Ben S. Bernanke

Ben Shalom Bernanke (pronounced /bərˈnæŋki/ bər-NAN-kee; born December 13, 1953) is an American economist, and the current Chairman of the United States Federal Reserve. Previously, he served as Fed Governor and Chairman of President George W. Bush's Council of Economic Advisers.

Born in Augusta, Georgia, Bernanke was raised in a ranch-style house on East Jefferson Street in Dillon, South Carolina. His father Philip was a pharmacist and part-time theater manager, and his mother Edna was an elementary schoolteacher. He is the eldest of three children, having a brother and sister. His younger brother, Seth, is a lawyer in Charlotte, North Carolina, and his younger sister, Sharon, is a longtime administrator at Berklee College of Music in Boston.

The Bernankes were one of the few Jewish families in the area, attending a local synagogue called Ohav Shalom; as a child, Bernanke learned Hebrew from his maternal grandfather Harold Friedman, who was a professional hazzan, shochet, and Hebrew teacher. His father and uncle co-owned and managed a drugstore that they bought from his paternal grandfather, Jonas Bernanke. Jonas was born in Boryslav, Austria–Hungary (today part of Ukraine), on January 23, 1891, and emigrated to the United States from Przemyśl, Poland (part of Austria–Hungary until 1918). He arrived at Ellis Island, aged 30, Thursday, June 30, 1921, with his wife Pauline, aged 25. On the ship's manifest, Jonas's occupation is listed as "clerk" and Pauline's as "doctor med." They moved to Dillon, South Carolina, from New York in the 1940s. Bernanke's mother often worked in the family drugstore, having given up her job as a school teacher when her son was born, and Bernanke also assisted from time to time.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Ben S. Bernanke."
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