BEN BERNANKE

Jobs Rebound Dampens QE3 Prospects: Fed Officials

Chairman of the Federal Reserve Ben Bernanke holds a news conference in Washington
The pick-up in jobs has caught the eye of two top Federal Reserve officials who said on Wednesday that continued improvement in the beleaguered labor market dampens prospects for more economic stimulus measures from the central bank.
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Bernanke's testimony on economy to Senate panel

Below are highlights from Federal Reserve Chairman Ben Bernanke's testimony on Tuesday on the state of the U.S. economy to the Senate Budget Committee. Bernanke's prepared testimony was virtually identical to testimony on Thursday to the House Budget Committee.
Bernanke testifies before the Senate Banking Committee

Fed's Bernanke, Before Senate, Is Diplomatic on Fiscal Policy, Aggressive in Monetary Defense

Federal Reserve Chairman Ben Bernanke held his policy prescription cards close to his vest Tuesday morning, skirting around several questions from Senate Banking Committee members that seemed designed to pigeonhole the central bank chief into supporting ideologically-charged positions. At the same time, the top U.S. central banker was effusive in his defense of the Federal Reserve's expansionary monetary policy.
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Fed should raise rates in 2013, Bullard says

The Federal Reserve should start raising interest rates next year, a top Fed official said on Monday, arguing that many years of near-zero rates will do little to return economic output to pre-recession levels and risks causing disaster.
Chairman of the Federal Reserve Ben Bernanke holds a news conference in Washington

ET, the New Alien Scaring Global Markets

The United States is coming to be seen as a global threat, acting unilaterally with aggressive new market rules that critics say will hurt U.S. firms, foreign banks, and international markets in one swoop.
Asian Stock Market

Asian Shares, Euro Fall Ahead of U.S. Jobs Data

Asian shares and the euro fell on Friday as debt restructuring talks between Greece and its creditors dragged on, undermining sentiment, and investors sat tight ahead of U.S. jobs data that will offer more clues on the health of the world's top economy.
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Asian Stocks, Euro Slip as Investors Await U.S. Jobs Data

Asian shares and the euro fell Friday as caution set in ahead of key U.S. jobs data, which will offer more clues over the state of the world's largest economy, while Greek debt restructuring talks dragged on and undermined sentiment.
The U.S. Federal Reserve building is seen in Washington

Fed Still Divided as Fisher Sees no Need for QE3

A third round of large-scale asset purchases by the Federal Reserve is not needed and would compound the difficulties of tightening monetary policy when the time finally comes, a top Fed official said on Thursday.
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Asian Markets Flat, Awaiting U.S. Jobs Numbers

Asian shares and major currencies were stuck in ranges Friday ahead of key U.S. jobs data, which will offer more clues over the state of the world's largest economy, while Greek debt restructuring talks dragged on.
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Fed's Fisher: policy action hinged to inflation

The U.S. Federal Reserve may have more latitude to pursue easy-money policies if inflation runs below its newly-set 2-percent target, though such a move does not guarantee more jobs, a top central bank official said on Thursday.
The U.S. Federal Reserve building is seen in Washington

Fed's Fisher: Policy Action will Hinge on Inflation

The Federal Reserve may have more latitude to pursue easy-money policies if inflation runs below its newly-set 2-percent target, though such a move does not guarantee more jobs, a top central bank official said on Thursday.
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Bernanke Defends Low Rate Policy for Weak Economy

Federal Reserve Chairman Ben Bernanke on Thursday defended the U.S. central bank's policies against charges from Republican lawmakers they risked sparking inflation, saying the economy still needs plenty of support.
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Fed will protect US from Europe fallout: Bernanke

Europe's financial crisis still threatens the U.S. recovery, and the Federal Reserve will do everything it can to protect against damage to the economy, Fed Chairman Ben Bernanke said on Thursday.
Trader Dudley Devine works on the floor of the New York Stock Exchange

Stock Futures Flat Ahead of Jobless Claims

Stock index futures were little changed on Thursday as investors looked ahead to weekly jobless claims data, one last clue about the state of the labor market before Friday's key non-farm payrolls report.
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Plosser slams Fed's 2014 low-rate forecast

A top Federal Reserve official sharply criticized the U.S. central bank's decision last week to telegraph ultra low interest rates for nearly three more years, saying on Wednesday the move undermined confidence and caused confusion.

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