BEN BERNANKE

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Bernanke says U.S. recession very likely over

Federal Reserve Chairman Ben Bernanke said on Tuesday that the worst U.S. recession since the Great Depression was probably over, but the recovery would be slow and take time to create new jobs.

Fed may shun gradualist rate hike pace

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The last time the Federal Reserve was raising interest rates, it did so at a snail's pace. But it may not take that gradual approach to tightening policy the next time around.
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Bernanke's back but Obama can still shape Fed

President Barack Obama will be able to put his stamp on the Federal Reserve with appointments for perhaps as many as four seats on the central bank's board in coming months, even though he emphasized continuity in tapping Ben Bernanke for another term as chairman last month.
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Rep. Frank seeks compromise on Fed audit bill

Rep. Barney Frank, the chairman of the U.S. House of Representatives Financial Services Committee, hopes to craft a compromise bill with lawmakers who want to open Federal Reserve monetary policy decisions to audits, a spokesman for Frank said on Saturday.
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Bernanke was victim of identity fraud: report

Federal Reserve chief Ben Bernanke was among hundreds of victims of an identity fraud ring that stole more than $2.1 million from consumers and financial institutions across the United States, Newsweek magazine reported on its website.
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CANADA STOCKS-TSX closes higher on banks, U.S. data

Toronto's main stock index finished the session higher on Tuesday on strength in financial shares after Bank of Montreal (BMO.TO) kicked off quarterly earnings results for Canada's big banks with a surprisingly strong performance.
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Obama renominates Bernanke as Fed chief

U.S. President Barack Obama nominated Ben Bernanke to a second term as Federal Reserve chairman on Tuesday, aiming for continuity at a time when the U.S. economy is breaking free from a deep recession.
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Wall Street advances on data, Bernanke news

U.S. stocks advanced on Tuesday as economic data and the reappointment of Federal Reserve chief Ben Bernanke strengthened expectations for a recovery and offset forecasts of federal budget red ink.
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Wall Street gains on housing, consumers and Bernanke

Stocks climbed on Tuesday, briefly hitting 2009 highs after strong housing and consumer confidence data, while Ben Bernanke's renomination as Fed chairman ended uncertainty about the central bank's leadership as the economy recovers.
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Wall St rises on housing, consumer data

U.S. stocks pushed ahead on Tuesday after strong housing and consumer confidence data briefly sent indexes to 2009 highs, and investors were relieved about Ben Bernanke's renomination as Fed chairman.
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Oil hits 10-month high of $75 on data

Oil hit $75 for the first time in 10 months on Tuesday, recouping earlier losses in line with equity markets on data that showed U.S. house prices climbed and consumer confidence rose to the strongest since May.

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