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
YAHOO NEWS:
  • Bernanke has the most profitable week of his life
    Read full story for latest details.
    03/6/2014 - 12:29 pm | View Link
  • In the Time Captured in This Photograph, Ben Bernanke Made About $2.08
    Ben Bernanke earned more in 40 minutes on Tuesday than he made all of last year as head of the U.S. Federal Reserve.  Earlier this week, Ben Bernanke, former chairman of the U.S. central bank, took the stage at a conference in the United Arab Emirates and made “at least” $250,000.
    03/6/2014 - 8:07 am | View Link
  • In the Milliseconds Captured in This Photo, Ben Bernanke Made About $2.08
    Ben Bernanke earned more in 40 minutes on Tuesday than he made all of last year as head of the U.S. Federal Reserve.  Earlier this week, Ben Bernanke, former chairman of the U.S. central bank, took the stage at a conference in the United Arab Emirates and made “at least” $250,000.
    03/6/2014 - 8:07 am | View Link
  • Former chairman of US Fed feels bailout communication could have been explained better
    Bernanke guided the economy through the financial crisis that brought down Lehman Brothers Holdings and the longest recession since the Great Depression.
    03/6/2014 - 1:55 am | View Link
  • Bernanke's most profitable week ever
    Former Fed Chairman Bernanke giving three speeches this week each of which reportedly pay him more than he earned at Fed last year.
    03/5/2014 - 3:18 pm | View Link
  • More
BING NEWS:
  • Rebuttal for Rajan: Bernanke Defends U.S. Policy
    He said the Federal Reserve consulted extensively with emerging economy policymakers before making decisions ... Follow Geeta, Eric and India Real Time on Twitter @GOAnand, @EricBellmanWSJ and @WSJIndia.
    04/15/2014 - 8:45 pm | View Link
  • Moderate to strong recovery in the U.S., says Bernanke
    He told a huge gathering at the Jamshed Bhabha Theatre at Nariman Point that handling the crisis was a team effort and somebody had to be the face of the institution at such a time. On whether the Chinese economy faced a hard landing, Dr. Bernanke said a ...
    04/15/2014 - 6:33 am | View Link
  • Bernanke: Energy ‘a bright spot’ in recovering economy
    The Federal Reserve began implementing new measures to deal with stresses to the U.S. financial system in August 2007, around the time Bernanke remembers he first began to see signs the national economy could be in trouble. Around that time, a massive ...
    03/7/2014 - 9:39 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 - 2:56 pm | View Link
  • Bernanke says economy needs more time to heal
    "Our economy is far from where we would like it to be," he said in prepared remarks to a conference. The Fed earlier this week said it will see its $600 billion bond buying program, launched in November to spur a weak recovery, through to its planned ...
    04/29/2011 - 8:43 am | View Link
  • More
BING SEARCH:
  • 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 ...
    04/19/2014 - 2:45 am | View Website
  • Ben Bernanke News
    News about Ben Bernanke. Commentary and archival information about Ben Bernanke from The New York Times.
    04/19/2014 - 12:51 am | View Website
  • 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 ...
    04/18/2014 - 7:57 pm | View Website
  • Ben Bernanke: TIME's 2009 Person of the Year
    Q&A with Ben Bernanke. The Fed chairman sat down with TIME on Dec. 8 for a conversation about everything from the state of the economy to the contents of his wallet
    04/18/2014 - 7:33 am | View Website
  • FRB: Speech--Bernanke, Monetary Policy and the Global ...
    Chairman Ben S. Bernanke At the Department of Economics and STICERD (Suntory and Toyota International Centres for Economics and Related Disciplines) Public ...
    04/16/2014 - 12:29 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