Latest Ben Bernanke News

Europe, Fed moves show global shift away from cheap money

Jun. 14, 2018 2:14 PM EDT

RIGA, Latvia (AP) — Two of the globe's most powerful central banks are gradually withdrawing the easy money policies that helped repair the damage wrought by the Great Recession and push stock markets to record highs. It's a sign of confidence in the economy, but with uncertain consequences for consumers...

The Latest: Fed uncertain on banking for marijuana firms

Jun. 13, 2018 3:26 PM EDT

WASHINGTON (AP) — The Latest on the Federal Reserve policy meeting (all times local): 3:20 p.m. Federal Reserve Chair Jerome Powell says the U.S. central bank has not resolved how financial institutions should deal with marijuana businesses. Marijuana usage is permitted in some states, but not by federal...

Report says Powell considering more Fed news conferences

Jun. 12, 2018 4:16 PM EDT

WASHINGTON (AP) — The Federal Reserve may be close to deciding to have a news conference after all of its eight meetings each year. The Wall Street Journal reported on its website Tuesday that Fed Chairman Jerome Powell is considering holding a press conference after every meeting and may make a decision...

Trump pick for vice chair pledges support for key Fed goals

May. 15, 2018 4:31 PM EDT

WASHINGTON (AP) — Richard Clarida, President Donald Trump's nominee for the No. 2 post at the Federal Reserve, pledged support Tuesday for the Fed's twin goals of stabilizing inflation and maximizing employment while also declaring the importance of the central bank's independence. Clarida, an economics...

Fed's Powell: Rate hikes should not upend the global economy

May. 8, 2018 4:00 AM EDT

WASHINGTON (AP) — Moves by the Fed and other major central banks to raise interest rates after a long period of keeping them low should not be disruptive to the global economy, Federal Reserve Chairman Jerome Powell said Tuesday. In remarks prepared for a financial conference in Zurich, Powell said that...

Fed keeps key rate steady but notes rising inflation

May. 2, 2018 4:56 PM EDT

WASHINGTON (AP) — The Federal Reserve kept its benchmark interest rate unchanged Wednesday but noted that inflation is nearing its 2 percent target rate after years of remaining undesirably low. The Fed ended its latest policy meeting by leaving its key short-term rate unchanged at 1.5 percent to 1.75...

Fed set to leave rates alone amid signs of rising inflation

May. 2, 2018 3:14 AM EDT

WASHINGTON (AP) — The Federal Reserve achieved an inflation milestone this week, but that isn't likely to alter expectations for what the Fed will announce when its latest policy meeting ends Wednesday. After six years of mostly missing its annual 2 percent target for inflation, the Fed learned Monday that...

Fed is set to leave rates alone but to hike later in year

Apr. 30, 2018 11:13 AM EDT

WASHINGTON (AP) — The Federal Reserve is all but sure to leave interest rates unchanged this week, though steady economic growth and inflation pressures will likely keep the Fed on a path toward further rate hikes later this year. The central bank is meeting as its board is undergoing a makeover, with a...