Financial Regulatory Forum

A year after Lehman, Bernanke says recession likely over

September 16, 2009

U.S. Chairman of the Federal Reserve Ben Bernanke speaks about a year of economic turmoil at the Brookings Institution in Washington September 15, 2009. REUTERS/Jim Young    (UNITED STATES POLITICS BUSINESS)   By Caroline Valetkevitch
   NEW YORK, Sept 15 (Reuters) – A year after the Lehman Brothers collapse, Federal Reserve chief Ben Bernanke said on Tuesday the recession was likely over, while data supported hopes that recovery from the worst downturn in decades was advancing. (more…)

Obama renominates Bernanke, says U.S. Fed chief braked “economic freefall”

By Reuters Staff
August 25, 2009

U.S. President Barack Obama nominates Federal Reserve Chairman Ben Bernanke (R) for a second term, in Oak Bluffs, Massachusetts on the island of Martha's Vineyard August 25, 2009. REUTERS/Jason Reed   (UNITED STATES BUSINESS POLITICS) By Ross Colvin and Patricia Zengerle
OAK BLUFFS, Mass., Aug 25 (Reuters) – U.S. President Barack Obama nominated Ben Bernanke to a second term as Federal Reserve chairman on Tuesday, entrusting him with guiding the economy out of the worst downturn since the Great Depression.

Obama to reappoint Bernanke to lead Fed – official

By Reuters Staff
August 25, 2009

Chairman of the Federal Reserve Ben Bernanke testifies before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill in Washington July 22, 2009.  By Patricia Zengerle and Ross Colvin
OAK BLUFFS, Mass., Aug 24 (Reuters) – U.S. President Barack Obama will reappoint Ben Bernanke for a second term as chairman of the Federal Reserve on Tuesday, a senior administration official said on Monday.

U.S. Fed chief sees growth prospects, “urgent” regulatory reform need

By Reuters Staff
August 21, 2009

Chairman of the Federal Reserve Ben Bernanke testifies before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill in Washington July 22, 2009. (FILE) WASHINGTON, Aug 21 (Reuters) – Following are highlights from U.S. Federal Reserve Chairman Ben Bernanke’s prepared speech to be delivered at the Kansas City Federal Reserve Bank’s conference in Jackson Hole, Wyoming.

U.S. bank regulators dig in against Obama shake-up

By Reuters Staff
August 4, 2009

U.S. Treasury Secretary Timothy Geithner (file photo) WASHINGTON, Aug 4 (Reuters) – Disagreement within the Obama administration over reshaping U.S. financial regulation flared on Tuesday, with top bank regulators defending their turf against key parts of a broad bank supervision overhaul plan. (more…)

Bernanke sees some economic gain, reviews Fed exit strategy

By Reuters Staff
July 21, 2009

Federal Reserve Chairman Ben BernankeBy Mark Felsenthal and Alister Bull

WASHINGTON, July 21 (Reuters) – Federal Reserve Chairman Ben Bernanke on Tuesday said the outlook for the long-suffering U.S. economy appears to be improving and the U.S. central bank was carefully reviewing ways to withdraw its massive monetary policy stimulus when conditions permit.
But Bernanke cautioned that unemployment was likely to remain high into 2011, and he warned that this could sap fragile consumer confidence and potentially undermine what is expected to be a very gradual recovery. (more…)