Kenya's embattled anti-corruption chief resigns amid accusations of ineffectivenessSeptember 30th, 2009 Kenya's embattled anti-corruption chief resignsNAIROBI, Kenya — Kenya's anti-corruption chief resigned Wednesday following weeks of public protest and a parliamentary vote against his reappointment. Aaron Ringera said he and a deputy director stepped down because their reappointment by President Mwai Kibaki in August had "raised a national storm."
"We have given the fight against corruption our all, we could not have done better," Ringera said.
Fed Reserve Chairman Bernanke says regulators should prevent the next 'too big to fail' firmSeptember 30th, 2009 Bernanke asks Congress to empower regulatorsWASHINGTON — Federal Reserve Chairman Ben Bernanke says federal regulators should be responsible for ensuring that the financial institutions they oversee don't become so big and unwieldy that their failure could bring down the economy. In testimony prepared for a House hearing on Thursday, obtained in advance by The Associated Press, Bernanke said Congress should establish a council of regulators to monitor large, influential firms like insurance giant AIG.
US recession 'very likely' over: BernankeSeptember 15th, 2009 WASHINGTON - Federal Reserve Chairman Ben Bernanke said Tuesday that the worst US recession in seven decades has "very likely" come to an end, but warned the country's economy will remain weak for some time. The US central bank head said there was general agreement among economists that the United States would return to growth in the third quarter of this year and continue to pick up in 2010.
Vacationing Obama plans to renominate Ben Bernanke to Federal Reserve postAugust 25th, 2009 Obama expected to renominate BernankeWASHINGTON — President Barack Obama is taking a break from his Martha's Vineyard vacation today to offer Federal Reserve Chairman Ben Bernanke another four-year-stint at running the central bank. A senior administration official says Obama plans to make the announcement Tuesday morning.
AP source: Obama plans to keep Bernanke as chairman of Fed to continue economic recoveryAugust 25th, 2009 AP source: Obama plans to keep Bernanke at FedOAK BLUFFS, Mass. — President Barack Obama plans to reappoint Ben Bernanke to a second term as chairman of the Federal Reserve, a position from which he guided the economy away from its worst recession since the 1930s and, the White House hopes, toward an economic recovery critical to its legacy.
Happy with his work, Obama reappoints Ben Bernanke for second term as head of Federal ReserveAugust 25th, 2009 Obama selects Bernanke for second 4-year Fed termOAK BLUFFS, Mass. — President Barack Obama has announced he wants Ben Bernanke to get a second four-year term as head of the Federal Reserve, praising his "calm and wisdom" in the face of a near financial collapse.
Fed observers mostly welcome Bernanke's reappointment but say he should build a new legacyAugust 25th, 2009 Most lawmakers and analysts welcome Bernanke newsWASHINGTON — Analysts, lawmakers and the financial industry generally reacted positively to news that Ben Bernanke would be re-nominated as Federal Reserve chairman. But some offered a dose of constructive criticism.
Stocks open higher after Bernanke reappointed as Federal Reserve chairman, home prices jumpAugust 25th, 2009 Stocks open higher after Bernanke reappointmentNEW YORK — Investors put stocks back on an upward path Tuesday on news of Ben Bernanke's reappointment as Federal Reserve chairman and a jump in home prices. The gains came amid mixed trading in overseas markets.
Stocks rally after jump in consumer confidence, Bernanke's reappointment as Fed chairmanAugust 25th, 2009 Stocks rally after jump in consumer confidenceNEW YORK — Stocks are rallying after a report that shows consumers are starting to feel a little more confident about the economy. The Conference Board's Consumer Confidence index rose to 54.1 this month from 46.6 in July and far above the 47.5 reading analysts expected.
After a year of crisis and criticism, Bernanke gains support for reappointment as Fed chiefAugust 22nd, 2009 After a year of crisis, Bernanke's star is risingWASHINGTON — Last year, as the gravest financial crisis since the Great Depression shook the banking system, Ben Bernanke seemed nearly as beleaguered as the institutions themselves. The Federal Reserve chief had initially underestimated the crisis — and then seemed to inject new risk by unleashing breathtaking sums of money to fight it.
Bernanke: Reliable stats help Fed, Americans have better grasp of economic trendsJune 26th, 2009 Bernanke: Reliable stats help Fed, AmericansWASHINGTON — Reliable economic statistics produced by the U.S. government are important to Federal Reserve policymakers as well as millions of ordinary Americans wanting to keep tabs on jobs, wages and prices at stores, Fed chairman Ben Bernanke said Friday.
Bernanke: links between financial markets and economy need to be better understoodJune 4th, 2009 Bernanke: crisis shows need for more researchWASHINGTON — Federal Reserve Chairman Ben Bernanke says the global financial crisis highlights the need for economists to deepen their understanding of how events on Wall Street can affect the broader economy. In prepared remarks to a Fed conference, Bernanke says: "The rationale for such research has certainly been underscored by the financial crisis that began in August 2007 and the powerful adverse effects of the crisis on economic activity around the globe."
The Fed chief's remarks didn't mention current economic conditions, or offer clues as to whether the central bank would announce any additional steps to shore up the economy at its meeting later this month.
Fed, Bernanke mulled possible rate cut to zero, other unconventional options in 2003May 8th, 2009 Fed, Bernanke mulled unconventional options in '03WASHINGTON — Ben Bernanke has done something no other Federal Reserve chairman has done before: cut rates to near zero and resorted to unconventional tools to lift the country out of recession. But new documents out Wednesday show Fed policymakers in 2003 spent time discussing how it might handle such a scenario.
Tracking Federal Reserve Chairman Ben Bernanke's comments on the economyMay 5th, 2009 Tracking Bernanke's comments on the economyWASHINGTON — Federal Reserve Chairman Ben Bernanke said Tuesday that the U.S. economy could begin to grow later this year if the government can gradually repair the financial system.
US recession could end this year: BernankeMarch 16th, 2009 WASHINGTON - US Federal Reserve chairman Ben Bernanke said in a television interview aired Sunday that the recession could end this year if the banking and financial systems can be stabilized. 'I do think that we will get it stabilized, and we'll see the recession coming to an end probably this year,' he told news programme 60 Minutes.