EconWatch.com > Bernanke: Economy 'Is Close to Faltering' - Big Government

[Big Government] Stocks came off their morning lows after Bernanke inferred that the Fed could adopt additional stimulus measures in the coming months. The Dow Jones industrial average had fallen more than 200 points but recovered most of those losses to be down only 64 points at midday.

Previous [Previous] Bernanke to GOP: Stop Sabotaging the Economy | Mother ...

Next [Next] Obama slams GOP for playing 'games' with economy, jobs...

Some related posts from Technorati and Google.

[SGTreport.com] The Huge Bank Dexia in Severe Trouble / Bernanke Ready to ...: The default here will bring down the two largest banks in France, Societe Generale and BNP Paribas. The bankers do not want investors purchasing gold and silver so they whack and sell huge amounts of non backed paper in the hope that they purchase stocks.

[RV Business] Bernanke: Fed Poised to Inject Further Stimulus | RV Business: Federal Reserve Chairman Ben Bernanke says the economic recovery “is close to faltering” and the central bank is prepared to take further steps to support it, according to an Associated Press report.

[Multi-Housing News Online] Economy Watch: Bernanke Hints at More Fed Intervention | Multi ...: Speaking before the Joint Economic Committee of Congress on Tuesday, Federal Reserve Chairman Ben Bernanke said that the “[Federal Open Market] Committee will continue to closely monitor economic developments and is prepared to take further action as appropriate to promote a stronger economic recovery in a context of price stability.” Some stimulus, in other words, as long as inflation isn’t bad, although he did not actually use the term “stimulus.”

[The Daily Reckoning] Economic Growth According to the World's Leading Economists: Consumers don’t want to borrow, even at [very low] interest rates. And lenders don’t want to make loans to consumers who will struggle to pay them back.

[Cheat Games] Bernanke says economic recovery close to faltering (AP) @ fbcheat ...: WASHINGTON – Federal Reserve Chairman Ben Bernanke says the economic recovery is close to faltering and the central bank is prepared to take further steps to support it. The economy is .

[Examiner Business RSS] Bernanke says economic recovery close to faltering | The Examiner ...: In a speech in Cleveland last week, Bernanke called long-term unemployment a "national crisis" and said Congress should take further steps to address it. Bernanke noted that about 45 percent of the unemployed have been out of work for at least six months -- a level previously unseen in the six decades since World War II.

[Filed online] Stocks fall after Bernanke offers no stimulus for US economy ...: Hopes had been building on Wall Street for some kind of announcement from Bernanke of additional steps to get the economy going again. Bernanke was speaking at a conference in Jackson Hole, Wyo.

[a12iggymom's Blog] Crazy! Bernanke to Congress: Don't cut spending | a12iggymom's Blog: (AP) – Federal Reserve Chairman Ben Bernanke says the economic recovery “is close to faltering,” and the central bank is prepared to take further steps to support it. The economy is .

[Money Supply] Live blog: Ben Bernanke's testimony | Money Supply | News, data ...: The top economics writers at the Financial Times share insights into the global economy, and the central bankers and policymakers who shape it. Economics blog with data and graphics.

[TheMoneyIllusion] TheMoneyIllusion » Monetary policy is a panacea for demand ...: But every time I read that quotation I start to wonder.  And that makes me really angry.  I presume Bernanke is doing this unintentionally, but he’s leaving the message very unclear, and I find that intolerable.  We need to know exactly where the Fed stands.  If there are any reporters reading this blog, I beg you to pin him down at the next press conference.  Does he believe monetary policy has unlimited ability to boost nominal spending, or not?  What does he mean by no panacea?  More money doesn’t boost AD, or more AD doesn’t boost RGDP?  Is he trying to disavow earlier comments that the Fed is not out of ammo, and never will be? 

[CBS MoneyWatch.com RSS] Bernanke: Fiscal Policy is of Critical Importance - CBS MoneyWatch ...: Recent speeches from Federal Reserve policymakers have emphasized how much the Fed is already doing, and they have conveyed resistance to doing more. I still think further action will be a tough sell on the committee, but this speech makes me think further action is more likely than I thought.

[Fellowship of the Minds] Bernanke states the obvious | Fellowship of the Minds: ‘We need to make sure that the recovery continues and doesn’t drop back and that the unemployment rate continues to fall downward,’ he said.  Stocks came off their morning lows after Mr. Bernanke inferred that the Fed could adopt additional stimulus measures in the coming months.

[ForexLive] Bernanke Q&A:No Immediate Plans For QE3;Nothing Off The Table ...: ADVISORY WARNING: FOREXLIVE provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making.

Reflected tags on Technorati: Blog, ,