AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Fed Chief Says Subprime Hangover Isn't Over Yet.(Brief article)
WASHINGTON -- Federal Reserve Board chairman Ben Bernanke warned that the worst is not over in the subprime sector and further reductions in subprime originations should be expected along with higher foreclosure rates.
"Decelerating house prices, higher interest rates and slower economic growth have contributed to rising delinquencies" on adjustable-rate subprime mortgages, the Fed chairman said in speech to an International Monetary Conference last week.
Serious delinquencies and foreclosures on subprime ARMs have doubled since mid-2005 and risen to about 12%, Mr. Bernanke said. "We are likely to see further increases in delinquencies and foreclosures this year and next as many subprime adjustable-rate loans face interest-rate resets."
The Fed chairman also suggested that the "retrenchment" in the subprime market is not over yet and it ...
- Since 1996, Fed Chairman Alan Greenspan.(Brief Article)
- Magazine article from: Modern Machine Shop May 1, 2000 700+ words
Since 1996, Fed Chairman Alan Greenspan has called attention to the success of raising the productivity of the American workforce and said it justified...
- One Eye on Main Street; Ben Bernanke: Fed Chairman.(Brief article)
- Magazine article from: U.S. News & World Report November 1, 2009 700+ words
Byline: Amanda Ruggeri At a morning question-and-answer session in September, Federal Reserve Chairman Ben Bernanke remarked that technically, the recession was "very likely over." The stock market closed that day at a new high for the year. That a mild-mannered 55-year-old who spent half his life
- The economy has the potential to expand more rapidly than expected if political...
- Magazine article from: Purchasing March 6, 2003 700+ words
...economy has the potential to expand more rapidly than expected if political uncertainties dissipate quickly, hinted Fed chairman Alan Greenspan in his latest monetary report to Congress. Key quote: "If these uncertainties diminish considerably...
- Ideas Before Dawn to discuss new Fed chairman.(Ben Bernanke)(Brief article)
- Magazine article from: Crain's Detroit Business Scharich, Joanne October 30, 2006 700+ words
Byline: Joanne Scharich "Outlook 2007: The Fed Under Bernanke a discussion of how the financial markets may react to new Federal Reserve chairman Ben Bernanke, is the topic of Nov. 8's Ideas Before Dawn meeting. Carl Tannenbaum, group senior vice president and chief economist, LaSalle Bank Corp.,
- Greenspan calls for Social Security benefits cuts.(The FED Chairman...
- Magazine article from: National Underwriter Life & Health-Financial Services Edition Bell, Allison March 1, 2004 700+ words
ALAN GREENSPAN SAYS Congress should start cutting Social Security benefits for future retirees. Greenspan, chairman of the Federal Reserve Board, emphasized in testimony before the U.S. House Budget Committee that he spoke for himself, not the Fed. But he warned that the federal government's return
- New choice for Fed chairman promises business as usual.(Quick Quotes)(Brief...
- Magazine article from: The New American McManus, John F. November 28, 2005 700+ words
"[My first priority is] to maintain continuity with the policies and policy strategies established during the Greenspan years." Chosen by President Bush to take control of the Federal Reserve in January 2006, chairman of the White House Council of Economic Advisers and former Fed governor Ben
- The Fed chairman as lightning rod.(opinions of Alan Greenspan from notable...
- Magazine article from: U.S. News & World Report Foer, Franklin September 13, 1999 700+ words
...better job." Irrational exuberance? He needs that bull market. Bill Bradley. "The most important thing you can have in a Fed chairman is somebody who has the confidence of the financial markets." A careful about-face by a onetime foe Pat Buchanan...
- Cheney and the next Fed Chairman.(OFF THE NEWS)(Richard Cheney)(Federal Reserve...
- Magazine article from: The International Economy June 22, 2005 700+ words
Senior Bush Administration strategists say the President is likely to adopt an approach to the choice of a new Chairman of the Federal Reserve significantly different from his approach to appointments to the United States Supreme Court. "Supreme Court appointments are the kind of thing would-be
Source: HighBeam Research, Fed Chief Says Subprime Hangover Isn't Over Yet.(Brief article)