Federal Reserve chairman said the risk of inflation was “quite low” and that higher prices in emerging markets were unlikely to spill over into the U.S.
The following are highlights from Federal Reserve Chairman Ben Bernanke's testimony on the economy to the House Budget Committee on Wednesday.
Stocks slipped on Wednesday as a five-month rally that pushed the market to a new 2 1/2-year high started to shows signs of fatigue.
Federal Reserve Chairman Ben Bernanke on Wednesday suggested U.S. economic conditions are still too weak for the central bank to pull back on its vast monetary stimulus, despite a welcome drop in the jobless rate.
U.S. stocks edged lower on Wednesday as investors pulled back following a five-month rally that pushed the market to 2-1/2-year highs.
U.S. stocks were set to fall at the open on Wednesday as investors took a rise in U.S. interest rates as a cue to take profits a day after the market closed at fresh 2-1/2 year highs.
U.S. stocks declined in early trade on Wednesday as investors preferred to take profits after the Dow Jones Industrial Average reached its highest level since June 2008 on Tuesday.
U.S. stock index futures fell on Wednesday a day after the Dow posted its seventh consecutive advance in weak trading volume that could signal the rally is wilting.
Chairman Ben S. Bernanke testimony on The Economic Outlook and Monetary and Fiscal Policy Before the Committee on the Budget, U.S. House of Representatives, Washington, D.C. February 9, 2011
U.S. stocks opened modestly lower on Wednesday as investors await comments from Federal Reserve Chairman Ben Bernanke on the economic outlook and monetary policy.
Gold held close to the previous session's near three-week high in Europe on Wednesday, supported by an increased focus on inflation after China's second interest rate hike in six weeks.
U.S. stock index futures fell on Wednesday a day after the Dow posted its seventh consecutive advance in the year's lowest overall volume, possibly signaling the rally could be wilting.
Wall Street was set for a slight fall on Wednesday, after a strong run that has taken share prices to their highest levels in more than two and a half years, and with investors awaiting the latest batch of earnings in a reporting season in which most companies have beaten forecasts.
World stocks fell from this week's 29-month high on Wednesday as China's interest rate rise prompted investors to book profits, while general optimism over global growth sent 10-year U.S. bond yields to nine-month highs.
The Federal Reserve should seriously consider pulling back on its $600 billion stimulus program given stronger growth and a brighter jobs picture, Richmond Fed President Jeffrey Lacker said on Tuesday.
The Federal Reserve should seriously consider pulling back on its $600 billion stimulus program given stronger growth and a brighter jobs picture, Richmond Fed President Jeffrey Lacker said on Tuesday.
Stock index futures pointed to a higher open for Wall Street on Tuesday, adding to gains from the previous session, with futures for the S&P 500, for the Dow Jones and for the Nasdaq up 0.1-0.2 percent by 1007 GMT.
Gold prices inched up on Monday, underpinned by inflation concerns, but a more optimistic economic outlook and worries about interest rate hikes kept bullion from rising further.
Asian stocks clung to early gains on Monday as the U.S. job market showed further signs of recovery, highlighting a brighter outlook for its economy, while the dollar firmed against a basket of other major currencies.
For a Federal Reserve chairman who is worried about politics interfering with monetary policy, Ben Bernanke is taking on some awfully heated political topics.
The pace of economic recovery has reached escape velocity from the worst recession in decades, though the nation may not return to full employment until 2014, a top Federal Reserve researcher said on Friday.
The pace of economic recovery has reached escape velocity from the worst recession in decades, though the nation may not return to full employment until 2014, a top Federal Reserve researcher said on Friday.
