Bernanke Says Economy Needs More Time To Heal

Bernanke says economy needs more time to heal

WASHINGTON (Reuters) - The U.S. economy is not fully recovered from its deep recession with housing still weighing on growth, Federal Reserve Chairman Ben Bernanke said on Friday in a speech on the importance of community development.

Sections:  news   business   
RELATED ARTICLES
  • Dollar rises above 100 yen for 1st time in 4 years
    The dollar has risen above 100 yen for the first time in more than four years as currency traders persist in selling the Japanese currency in reaction to Tokyo's aggressive credit-easing moves. More
  • Obama to open middle-class jobs, opportunity tourObama to open middle-class jobs, opportunity tour
    Aiming to show he's still focused on creating jobs, President Barack Obama is beginning a series of quick trips around the country to resurrect ideas from his State of the Union address that became overshadowed by the intense debates over gun control, immigration and automatic spending cuts. More
  • Retailers report modest gains for April
    Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery. Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions. More
  • US home building is surging, but job growth isn'tUS home building is surging, but job growth isn't
    The resurgent U.S. housing market has sent builders calling again for Richard Vap, who owns a drywall installation company. Vap would love to help - if he could hire enough qualified people. "There is a shortage of manpower," says Vap, owner of South Valley Drywall in Littleton, Colo. More
  • US casino revenue up nearly 5 percent in 2012US casino revenue up nearly 5 percent in 2012
    Things are looking up for most of the nation’s commercial casinos, as gambling revenue increased by nearly 5 percent last year and jobs held roughly steady. According to the annual survey of casinos by the American Gaming Association, America’s nontribal casinos took in $37.3 billion from gamblers last year, an increase of 4.8 percent over 2011. More
ASK NEWS:
  • 2015: a Downhill Run for the Dollar? - LewRockwell.com
    ... strong, the strongest it’s been in some time. ... this to help the economy. But even as he was expanding QE, Fed Chairman Ben Bernanke ...
    12/19/2014 - 12:54 pm | View Link
  • What will happen to interest rates? - The Hill
    ... is important for the growth of an economy, the ... you annualize it) represents the first time since the ... several times by previous Fed ...
    12/19/2014 - 11:00 am | View Link
  • OPEC flexes its muscle - Examiner.com
    ... in the pattern of her predecessor, Ben Bernanke in ... length of time that interest rates have been so low has been seen as a sign that the ...
    12/19/2014 - 10:48 am | View Link
  • Led by Janet Yellen and oil prices markets endure rocky week - Examiner.com
    ... in the pattern of her predecessor, Ben Bernanke in ... length of time that interest rates have been so low has been seen as a sign that the ...
    12/19/2014 - 10:48 am | View Link
  • Why Ben Bernanke Backs Pimco Forecast - Bloomberg
    They usually get brand name speakers, and this time, ben bernanke. ... feeling better, household finances are better, and the economy looks pretty
    12/19/2014 - 10:14 am | View Link
  • More
YAHOO NEWS:
  • 'Next bust will be unlike any other'
    Legendary investor who predicted US housing bubble says world's economy will suffer huge tumble.        
    12/20/2014 - 9:01 am | View Link
  • Heading for bust 'unlike any other'
    Legendary investor Jeremy Grantham says the US Federal Reserve is killing the recovery of the world's biggest economy and the ''next bust will be unlike any other''.        
    12/19/2014 - 9:13 pm | View Link
  • Pimco sees global growth ramping up in 2015
    By Jennifer Ablan NEW YORK (Reuters) - Pacific Investment Management Co expects global growth to accelerate in 2015 to around 2.75 percent from around plus 2.5 percent this year, on expectations that supply-driven declines in oil prices were fundamentally positive, the bond giant said on Thursday in its year-end Cyclical Forum outlook report. Pimco said its view that the outlook for the U.S ...
    12/18/2014 - 12:40 pm | View Link
  • Pimco: 2015 global growth looks rosy
    Thanks to cheaper oil prices, Pacific Investment Management anticipates global growth to gain momentum in 2015.
    12/18/2014 - 11:48 am | View Link
  • Pimco expects global growth to accelerate in 2015 between 2.5-3 percent
    NEW YORK (Reuters) - Bond giant Pacific Investment Management Co said on Thursday it expects global growth to accelerate in 2015 to around 2.75 percent from around plus 2.5 percent this year, based on...
    12/18/2014 - 11:11 am | View Link
  • More
BING NEWS:
  • Pimco Sees Global Growth Flourishing in 2015
    On Wednesday, the Federal Reserve offered a strong signal that it was on track to raise interest rates sometime next year, altering a pledge to keep rates near zero for a "considerable time" in a show of confidence in the U.S. economy. The Fed said that ...
    12/18/2014 - 6:13 am | View Link
  • Pimco sees global growth ramping up in 2015
    On Wednesday, the Federal Reserve offered a strong signal that it was on track to raise interest rates sometime next year, altering a pledge to keep rates near zero for a "considerable time" in a show of confidence in the U.S. economy. The Fed said that ...
    12/18/2014 - 4:45 am | View Link
  • Bernanke Warns That Lawmakers’ Budget Battles Could Tank Economy
    that the government pays its bills and that we avoid any kind of event like 2011 which had at least for a time a noticeable adverse effect on confidence and on the economy,” Mr. Bernanke said at a press conference. The U.S. Treasury Department has told ...
    09/18/2013 - 9:47 am | View Link
  • Why the economy can’t save stocks from Bernanke
    FORTUNE — Following the two-day 550 point ... a number of commentators howled about how the Dow Jones industrials hitting an all-time high made no sense given the continued poor state of the economy. And yet, now everyone expects the relationship between ...
    06/24/2013 - 3:17 am | View Link
  • Bernanke: Economy Still Weak, No Time for Austerity
    Ben Bernanke’s speech on the economy today offered no new information. It was more of an overview on the state of the economy, and it hit on many very familiar themes which Bernanke has expressed for a long time now, including the need to loosen lending ...
    11/20/2012 - 4:56 pm | View Link
  • More
BING SEARCH:
  • Ben Bernanke
    Ben Shalom Bernanke is an American economist at the Brookings Institution who served two terms as chairman of the Federal Reserve, the central bank of the United ...
    12/20/2014 - 5:37 am | View Website
  • FRB: Speech, Bernanke--Money, Gold, and the Great ...
    Bernanke, Ben (1983). "Nonmonetary Effects of the Financial Crisis in the Propagation of the Great Depression," American Economic Review, 73, (June) pp. 257-76.
    12/19/2014 - 2:18 am | View Website
  • Ben Bernanke: Background And Philosophy
    Based on Bernanke's previous writings and comments, we can get a sense of his personal philosophy and what he brings to the position. Inflation Targeting
    12/18/2014 - 5:43 pm | View Website
  • Ben Bernanke News
    News about Ben Bernanke. Commentary and archival information about Ben Bernanke from The New York Times.
    12/16/2014 - 11:33 am | View Website
  • FRB: Speech--Bernanke, The Near- and Longer-Term Prospects ...
    Chairman Ben S. Bernanke At the Federal Reserve Bank of Kansas City Economic Symposium, Jackson Hole, Wyoming August 26, 2011 The Near- and Longer-Term ...
    12/14/2014 - 5:47 pm | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News