US Fed has other tools beside rate cuts: Bernanke

October 8th, 2009 Fed boss sees no rush to boost ratesWASHINGTON — Federal Reserve Chairman Ben Bernanke sent a fresh signal Thursday that he's in no rush to reverse course and start boosting interest rates. The Fed's key bank lending rate is now at a record low near zero and will probably stay there for an "extended period," Bernanke said in a speech to a Fed conference here.

August 5th, 2009 WASHINGTON - A new study by researchers from the Tel Aviv University (TAU) has determined that for workers in a organization, the belief in the effectiveness of tools is more important than their availability. According to leading management specialist Professor Dov Eden of TAU's Faculty of Management, in spite of the fact that a firm might not be able to afford the latest software or computers, that may not impair the productivity of their workers.

June 23rd, 2009 Obama: Bernanke doing good jobWASHINGTON — President Barack Obama says Federal Reserve Chairman Ben Bernanke is doing a fine job under difficult circumstances but he declines to say whether he will reappoint the chairman in January. Obama said he would not make news about Bernanke at a White House press conference Tuesday.

May 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.

May 5th, 2009 Treasurys dip after Bernanke remarksNEW YORK — Treasurys dipped Tuesday after Federal Reserve Chairman Ben Bernanke said the economy should start growing again later this year. Bernanke's testimony Congress was not a major surprise to investors but it did provide them with more reassurance that the worst of the economy's slide might be over.

May 5th, 2009 Bernanke: Economy should grow again later in 2009WASHINGTON — Federal Reserve Chairman Ben Bernanke told Congress Tuesday the economy should start growing again later this year, his most optimistic assessment of the country's financial health since the recession struck with force last year. But Bernanke warned that even after a recovery gets under way, economic activity is likely to be subpar.

May 5th, 2009 Bernanke more optimistic, sees growth in 2009WASHINGTON — Federal Reserve Chairman Ben Bernanke gave his most optimistic prediction yet Tuesday about the end of the recession, saying he expects the economy to start growing again this year — although the comeback could be weak and more jobs will disappear even after a recovery takes hold. The Fed chief told Congress' Joint Economic Committee that he saw hopeful signs, including firmer home sales, a revival in consumer spending and some improvement in lending conditions for banks, businesses and individual borrowers.

April 30th, 2009 NEW DELHI - Public sector lender Punjab National Bank (PNB) has reduced its benchmark lending rate by 50 basis points to 11 percent, it announced Thursday. The benchmark prime lending rate (BPLR) has been slashed from 11.5 percent to 11 percent from Friday, the bank said in a statement.

April 21st, 2009 NEW DELHI - India Inc has welcomed cuts in key rates by 25 basis points by the Reserve Bank of India Tuesday, but added it expected bigger cuts. Said Harsh Pati Singhania, president of the industry lobby Federation of Indian Chamber of Commerce and Industry (FICCI): 'The cut in the repo rate could have been steeper because of the strong cushion provided by the extremely comfortable position with regard to inflation.' Singhania said FICCI has also hoped a cap by the RBI on the reverse repo rate to encourage banks to keep sufficient funds with themselves for keeping the credit disbursal pipeline running.

April 21st, 2009 MUMBAI - India's Central bank cut key rates Tuesday by 25 basis points in a move to infuse more liquidity into the system and stimulate lending growth. The Reserve Bank of India (RBI) cut the repo rate by 25 basis points from the current 5 percent to 4.75 percent, while the reverse repo rate has been brought down to 3.25 percent from 3.5 percent earlier.

April 9th, 2009 FRANKFURT - European economies can only expect to begin their recovery in 2010, the European Central Bank (ECB) predicted Thursday. This year, global demand is likely to remain very low since global economies including the eurozone are 'in a serious downturn', the ECB wrote in its monthly newsletter, published Thursday.

March 27th, 2009 NEW DELHI - The high government borrowing targets will leave very little room for interest rate cuts, Cabinet Secretary K.M. Chandrasekhar said Friday, adding that the troubled time is yet to come for the Indian Economy.

March 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.

February 4th, 2009 LONDON - The Bank of England (BoE) Thursday cut interest rates to an historic low of one percent in a further attempt to stimulate the economy and stave off a deepening recession. The bank's decision to cut borrowing costs by 50-basis-points follows monthly rate cuts since last October, when the key lending rate in Britain stood at five percent.

January 12th, 2009 LONDON - The British government confirmed Tuesday that it was planning a fresh aid package to unlock the credit squeeze by offering loan guarantees to small-and medium-sized businesses. The measures, believed to entail as much as 20 billion pounds ($29.6 billion) were discussed by the cabinet Tuesday and could be announced later this week.