Economist Credits Bernanke For U.S. Recovery

Chief Economist at Moody's Analytics Mark Zandi credits Federal Reserve Chairman Ben Bernanke for helping launch the U.S. out of a deep recession. (0:19)
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McCain Explains Why He Won't Support Renomination For Bernanke

On Tuesday, Sen. John McCain (R-Ariz.) says that he will not support renomination for Federal Reserve Chairman Ben Bernanke because he "was the captain of the ship when it hit the iceberg." (:03)
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Bernanke: Economy Will Recover Slowly

Federal Reserve Chairman Ben Bernanke says that although the economy is recovering, economic growth will be moderate and increase very slowly into 2010. (0:24)
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Bernanke: The Recession Is Likely Over

Federal Reserve Chairman Ben Bernanke says the recession is over but its effects will still be felt in terms of job security and wages. (0:20)
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Bernanke: Economic Regulatory Reform Is Needed

Federal Reserve Chairman Ben Bernanke said Tuesday that regulatory problems were a large part of the world-wide financial meltdown and that he believes reform is necessary. (0:43)
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Obama Renominates Bernanke

By Justin Duckham-Talk Radio News Service

President Barack Obama interrupted his vacation in Martha’s Vineyard Tuesday to nominate Ben Bernanke to a second term as Federal Reserve Chairman.

Bernanke, who was initially appointed to the position by President Bush in 2006, was credited by Obama with preventing additional damage to the troubled U.S. economy.

“Ben approached a financial system on the verge of collapse with calm and wisdom; with bold action and outside-the-box thinking that has helped put the brakes on our economic freefall,” Obama said. “Almost none of the decisions that he or any of us made have been easy.”

The President went on to promise an overhaul of the financial regulatory system, describing it as a necessary step for economic recovery.

Bernanke will face a Senate confirmation hearing before embarking on his second term. Chairman of the Senate Banking Committee Chris Dodd released a statement Monday saying that although he believed Bernanke was the right choice, the Federal Reserve Chairman will nevertheless face a thorough review from the Committee. (6:18)


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Towns Summarizes Bank of America Merger Controversy

Chairman of the House Committee on Oversight and Government Reform Edolphus Towns summarized the current controversy surrounding the Bank of America Merrill Lynch merger in his opening statements for a hearing with Federal Reserve Chairman Ben Bernanke. (1:03)
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Bernanke Explains The Fed's Role In Bank Of America Merril Lynch Merger

Chairman of the Federal Reserve Ben Bernanke responds to Chairman Edolphus Towns question about why federal reserve employees were not completely forthcoming regarding information about the Bank of America Merrill Lynch merger. (1:02)
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Federal Reserve Chairman Bernanke Testifies for the House Budget Committee

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The Economy - What went wrong?

Federal Reserve Chairman Ben Bernanke answers questions at the House Financial Serivces Committee about the possible causes of the economic crisis.
February 10, 2009.
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New Federal Reserve Initiatives

By Kayleigh Harvey - Talk Radio News Service

Federal Reserve Chairman Ben Bernanke tells the House Financial Service Committee about two new initiatives to help make the Federal Reserve more transparent.
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Second fiscal package should improve access to credit

Federal Reserve Chairman Ben Bernanke says that if Congress passes a second fiscal package they should improve access to credit for consumers, homeowners, and businesses (0:15).
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Bernanke declines to answer if U.S. is in a recession

Representative Rosa L. DeLauro (D-Conn.) asked Federal Reserve Chairman Ben Bernanke if the U.S. is in a recession. Bernanke was reluctant to answer, but said the economy is in a serious slowdown regardless of what it is called (0:30)
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Second fiscal pacakge should be "significant"

In a heated exchange with Representative Rosa L. DeLauro (D-Conn.), Federal Reserve Chairman Ben Bernanke said that he would not comment on how much he believed a second fiscal package should be, but said it should be significant (0:20).
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Chairman of the Board of Governors of the United States Federal Reserve Ben Bernanke Discusses Housing Foreclosure Problems at House Financial Services Committee Hearing

Chairman of the Board of Governors of the United States Federal Reserve Ben Bernanke discusses housing foreclosure problems at House Financial Services Committee hearing on monetary policy and the state of the American economy. (0:25)
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Chairman of the Board of Governors of the United States Federal Reserve Ben Bernanke Discusses the Stimulus Package at House Financial Services Committee Hearing

Chairman of the Board of Governers of the U.S. Federal Reserve Ben Bernanke, discusses the Stimulus Package at House Financial Services Committee hearing on monetary policy and the state of the economy. (0:30)
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