ben bernanke

Bernanke Gets Our Hopes Up

May 5, 2009
The good news: Federal Reserve Chairman Ben Bernanke believes the U.S. economy may show signs of bouncing back before 2010 -- yay! The bad news: Bernanke also believes that aftershocks from the recession may continue to wreak havoc for a good while to come -- sigh.
Join our newsletter Stay up to date with the latest from Truthdig. Join the Truthdig Newsletter for our latest publications.

Good Economic News, for a Change

Mar 11, 2009
The Dow had a big day on Tuesday, leaping 379 points after Citibank reported two months of profits and Fed chief Ben Bernanke indicated the banks could have some wiggle room in the accounting of their junk assets. The day may have ended with high-fives on Wall Street, but there's good reason to stay gloomy.

Bernie Sanders Wants Answers, Writes Legislation to Get Them

Mar 4, 2009
Fed chief Ben Bernanke may be able to dole out trillions in the blink of an eye, but on Tuesday he ran headlong into Congress' only independent democratic socialist. Sen. Bernie Sanders demanded to know where all the Fed's money was going. Bernanke said "no." Sanders fired back by introducing a bill that would require such information to be posted to the Fed's Web site.

Fed Takes a Swing at Foreclosures

Jan 28, 2009
After pumping hundreds of billions into the banking system with not much to show for it, Fed chief Ben Bernanke says he will try to reduce the number of foreclosures. As he put it to Rep. Barney Frank: "The goal of the policy is to avoid preventable foreclosures on residential mortgage assets that are held, owned or controlled by a Federal Reserve Bank."

How Low Can Bernanke Go?

Dec 16, 2008
Ben Bernanke and his squad of rate setters are expected to cut interest by as much as three-quarters of a point on Tuesday. With rates already at 1 percent, we mortals are left wondering what the Fed chief plans to do when he runs out of rates to cut. Update

Fed to Rescue Another Shaky Bank

Nov 24, 2008
What's a hundred billion dollars between capitalists? The Fed and the Treasury are once again throwing good cash after bad business. This time the culprit is Citigroup, which could get bailed out -- courtesy of you -- to the tune of $100 billion. And with that, we'd like to announce that Truthdig is officially too big to fail. Update: Done deal.