Bernanke: U.S. Needs To Balance Debt To DGP Ratio To Ensure Stability

Ben Bernanke, the Chairman of the Federal Reserve, told the House Budget Committee Wednesday that the U.S. needs to balance the GDP to debt ratio in order to achieve economic stability. (0:22).


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We Will Never Permanently Be Able To Eliminate Risk Of Financial Crises, Says Bernanke

Federal Reserve Chairman Ben Bernanke told the House Budget Committee Wednesday that although the U.S. will never be able to eliminate the possibility of future financial crises, it can take steps to ensure that they are less harmful. (0:09)
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Balancing The Budget This Year Not Possible, Says Bernanke

Federal Reserve Chairman Ben Bernanke tells the House Budget Committee on Wednesday that due to the current state of fragility of the economy, attempting to pass a balanced budget would not be possible or advisable (0:41).
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Bernanke: Estimated 2012 Unemployment Rate Still Too High

Federal Reserve Chairman Ben Bernanke says that by 2012, the U.S. unemployment rate is estimated to decrease to between six and seven percent. Bernanke says this drop does not meet the five percent unemployment rate necessary for a long-term sustainable economy. (0:34)
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Chairman Bernanke says default would not have been confined to financial system

At the Senate Banking, Housing, and Urban Affairs Committee hearing on "Turmoil in U.S. Credit Markets: Examining the Recent Actions of Federal Financial Regulators," Federal Reserve Chairman Ben Bernanke says the damage caused by a default by Bear Stearns could have been severe and extremely difficult to contain and the adverse impact of a default would not have been confined to the financial system. (:23)
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