Today Federal Reserve Chairman Ben Bernanke gives his latest economic report to Congress. His testimony comes on the same day that Japan's central bank is indicating its intention to continue stimulus measures.
Federal Reserve Chairman Ben Bernanke has warned members of Congress that the sequester's spending cuts, which kick in on Friday, will harm the already fragile economic recovery.
In his semi-annual report to Congress, Ben Bernanke reaffirmed the Federal Reserves bond buying policy, but said monetary policy alone cannot prop up the economy.
The Federal Reserve has spelled out what it’s going to do to try to juice up the economy. Yesterday, Fed Chairman Ben Bernanke announced a new strategy that ties the Fed’s actions to unemployment and inflation rates.
Fed chairman Ben Bernanke said he's going to keep interest rates at or near zero as long as the unemployment rate is higher than 6.5 percent, and the inflation rate is 1.5 percent or less.
U.S. Treasury Secretary Tim Geithner and Federal Reserve Chairman Ben Bernanke are visiting India today to encourage the Indian market to open up to U.S. firms.