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Tag Archives: Ben Bernanke

Bernanke warns Congress to avoid ‘fiscal cliff’

NEW YORK — Federal Reserve Chairman Ben Bernanke on Tuesday urged Congress and the Obama administration to strike a budget deal to avert tax increases and spending cuts that could trigger a recession next year. Without a deal, the measures ...

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Bernanke defends Fed’s aggressive policies

WASHINGTON — Chairman Ben Bernanke offered a wide-ranging defense Monday of the Federal Reserve’s aggressive policies to stimulate the still-weak economy. The Fed needs to drive down long-term borrowing rates because the economy isn’t growing fast enough to reduce high ...

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Unemployment claims fall to 382,000

WASHINGTON — The number of Americans seeking unemployment benefits fell only slightly last week to a seasonally adjusted 382,000. The level suggests hiring remains weak. The Labor Department said Thursday that applications declined by 3,000 from the previous week, which ...

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