Central bank chairman Ben Bernanke said Thursday that the U.S. home mortgage market is still not functioning properly and more needs to be done to promote a recovery. Ben Bernanke (file photo) Bernanke spoke at housing conference held at the Federal...
Central banks of the leading industrialized nations are working together to try to ease a financial crisis that originated in the United States but has roiled markets worldwide. From Washington, VOA's Michael Bowman reports. A Wall Street street sig...
U.S. and European central banks have in unison cut their interest rates by half a percentage point. The coordinated move is aimed at bringing some stability back to the shaky global economy and slumping stock markets. For VOA, Tom Rivers reports fro...
The head of the U.S. central bank says the outlook for America's economic performance has worsened, and that the Federal Reserve may have to reevaluate current interest rates. VOA's Michael Bowman reports from Washington, Fed Chairman Ben Bernanke s...
India's Central bank has hiked interest rates in a bid to tackle inflation which is at its highest rate in over a decade. But as Anjana Pasricha reports from New Delhi, there are fears the measure will slowdown growth in one of the world's fastest g...
By Barry Wood Washington 02 April 2008 The head of the U.S. central bank, Ben Bernanke, told a congressional committee the U.S. economy could face a mild recession, but it should recover later this year. VOA's Barry Wood reports. Federal Reserve Chai...
By Kent Klein Washington 14 March 2008 The Chairman of the U.S. central bank says his agency will do everything it can to help American homeowners who have been hurt in the mortgage lending crisis. VOA's Kent Klein reports from Washington. Chairman B...
By VOA News 04 March 2008 The head of the U.S. central bank says the current housing crisis in the United States demands a vigorous response. In a speech to a banking group in Florida, Federal Reserve Chairman Ben Bernanke said foreclosures and late...
By Barbara Schoetzau New York 29 February 2008 The United Nations is asking for $32 million in immediate humanitarian aid for the Central African Republic (CAR). The UN's humanitarian coordinator, Toby Lanzer, says the aid will help stabilize a volat...
By Barry Wood Washington 14 February 2008 In a rare joint appearance before a congressional committee Thursday, the U.S. treasury secretary and the head of the central bank said the U.S. economy has weakened but will probably avoid recession. VOA's B...