Obama Nominates Yellen to Succeed Bernanke at Federal ReservePresident Barack Obama has nominated Janet Yellen, the Federal Reserve's vice chair, to be chairman of the nation's powerful central bank, succeeding Ben Bernanke.
Obama: Don't Believe Everything You Read In The Huffington PostPresident Barack Obama is not a fan of The Huffington Post.
Bernanke: Approaching Debt Limit Is One Of 'Critical Fiscal Watersheds'Federal Reserve Chairman Ben Bernanke said Monday that it's important that Congress raise America's borrowing limit before the Treasury runs out of maneuvering room to avoid a potential default on U.S. debt.
Fewer US Banks Failing As Industry StrengthensU.S. banks are ending the year with their best profits since 2006 and fewer failures than at any time since the financial crisis struck in 2008. They're helping support an economy slowed by high unemployment, flat pay, sluggish manufacturing and anxious consumers.
Bernanke: Congress Must Raise Debt Limit To Prevent US From DefaultingFederal Reserve Chairman Ben Bernanke on Tuesday urged Congress and the Obama administration to strike a budget deal to avert tax increases and spending cuts that could trigger a recession next year.
Bernanke: Economic Recovery Remains 'Far From Satisfactory'Chairman Ben Bernanke made clear Friday that the Federal Reserve will do more to boost the economy because of high U.S. unemployment and an economic recovery that remains "far from satisfactory."