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Easy money tap not drying up soon in the US, says Ben Bernanke

The US central bank is nowhere close to raising interest rates, assuring markets that the easy money tap was still on, US Federal Reserve Chairman Ben Bernanke says. “I don’t think the Fed can get interest rates up very much,

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The price of oil hits USD 97 per barrel

(Fox News) The price of oil rose toward $97 per barrel Tuesday, but gains were checked as investors waited for the Federal Reserve’s latest views on the U.S. economy. Benchmark crude for June delivery was up 16 cents to $96.87

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Ben Bernanke

Ben S. Bernanke began a second term as Chairman of the Board of Governors of the Federal Reserve System on February 1, 2010. Dr. Bernanke also serves as Chairman of the Federal Open Market Committee, the System’s principal monetary policymaking

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US Home Sales Jump To Highest Level In More Than 2 Years

A jump in sales of previously occupied homes and further gains in new home construction suggest the U.S. housing sector is gaining momentum. Prices for such homes also rose according to figures from the National Association of Realtor (NAR). The

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US Fed hinting at QE3

US Fed chief Ben Bernanke has said that the Fed would take further measures to boost the economy. The measures may include pumping more money into the economy, a measure known as the Quantitative Easing (QE). The US central bank

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U.S. economy grew more than expected in second quarter

The U.S. economy grew more than previously estimated in the second quarter, according to a report released on Wednesday by the Federal Reserve. Growth domestic product grew by 1.7% from April to June, more than the government’s previous estimate of

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US Fed chairman Bernanke ‘ready to act’ on economy

The chairman of the US Federal Reserve Bank said he is monitoring risks to the economy and is prepared to take action. Ben Bernanke was giving testimony to the US Congress, something which has been closely watched by investors looking

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US Fed chairman Bernanke 'ready to act' on economy

The chairman of the US Federal Reserve Bank said he is monitoring risks to the economy and is prepared to take action. Ben Bernanke was giving testimony to the US Congress, something which has been closely watched by investors looking

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Fed chief Ben Bernanke says recovery not complete

US Federal Reserve Chairman Ben Bernanke has said the US economy is yet to fully recover from the impact of the global financial crisis. Mr Bernanke said that more regulatory action was needed to ensure the stability of the financial

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