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Tag Archives: Ben Bernanke

Bernanke: Fed’s efforts have helped the economy

WASHINGTON — Chairman Ben Bernanke told lawmakers Wednesday that the Federal Reserve’s efforts to bolster growth have helped lift the U.S. economy out of the Great Recession. But he acknowledged that growth remains weak and the Fed can only do ...

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Bernanke: Recession likely if Congress doesn’t act

WASHINGTON — Federal Reserve Chairman Ben Bernanke painted a dark picture of where the U.S. economy is headed if Congress fails to reach agreement soon to avert a budget crisis. “It would probably knock the recovery back into a recession ...

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Cheaper gas keeps consumer prices flat

WASHINGTON — Consumer prices were unchanged in June, held down by cheaper gas. Outside the volatile food and energy categories, inflation was mild. Weak economic growth is limiting the ability of companies to raise prices. The tame inflation was underscored ...

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Employers add 80,000 jobs as economy struggles

WASHINGTON — The American job machine has jammed. Again. The economy added only 80,000 jobs in June, the government said Friday, erasing any doubt that the United States is in a summer slump for the third year in a row. ...

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Bernanke signals no imminent steps to aid economy

WASHINGTON — Chairman Ben Bernanke said the Federal Reserve is prepared to take further steps to lift the U.S. economy if it weakens. But he didn’t signal any imminent action in testimony before a congressional panel Thursday. Bernanke said the ...

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Fed: Several members could support further easing

WASHINGTON — Federal Reserve policymakers are open to further efforts to stimulate the U.S. economy if growth falters or threats escalate. Minutes of the central bank’s April 24-25 meeting released Wednesday stated that “several members” thought additional Fed support could ...

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Unemployment aid requests near 3-month high

WASHINGTON — The number of people seeking U.S. unemployment benefits remained stuck near a three-month high last week, a sign that job gains will likely remain modest. The report disappointed economists, who had forecast a decline in unemployment applications. Even ...

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Bernanke says more Fed action is possible

WASHINGTON — Federal Reserve Chairman Ben Bernanke left open the possibility Wednesday of further Fed action to stimulate the economy. Speaking at a news conference, Bernanke walked a fine rhetorical line: He signaled that the Fed would act more aggressively ...

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