Chairman Ben Bernanke says the Federal Reserve is open to purchasing more Treasury bonds to lower long-term interest rates and boost growth if the economy worsens.
Chairman Ben Bernanke says the Federal Reserve is prepared to take further steps if the U.S. economy weakens, but he didn't signal any action is imminent.
The Federal Reserve has released its survey of the 12 economic regions of the country centered around its regional Federal Reserve Banks, and the news is slightly more upbeat.
Chairman Ben Bernanke said Friday that the Federal Reserve was left with few good options when it stepped in to shore up the largest U.S. financial institutions during the 2008 crisis.
Chairman Ben Bernanke says that the Federal Reserve is working to address the regulatory failures that were exposed by the 2008 financial crisis. But he cautions that as the financial system evolves, new risks will emerge.