WASHINGTON - Ben Bernanke's juggling act seems to become more challenging by the day. The Federal Reserve chairman has been taking extraordinary steps to prevent credit, financial and housing problems from driving the country into a deep recession. At the same time, he faces the danger that the very tonic that's supposed to brace the sickly economy could bring about another dangerous ailment-- inflation. And rare divisions have surfaced among Bernanke and his central bank colleagues about just how aggressive the Fed should be in lowering interest...
Bernanke: Fed capable of preventing new recession
Chicago Sun-Times
Chicago Sun-Times
JACKSON, Wyo. -- Federal Reserve Chairman Ben Bernanke said Friday the Fed will consider making another large-scale purchase of securities if the slowing economy were to deteriorate significantly and signs of deflation...
Scarcity of jobs raises foreclosure risks
The Columbus Dispatch
The Columbus Dispatch
WASHINGTON -- The jobs crisis is putting more Americans at risk of losing their homes. One in 10 households has missed at least one mortgage payment, and more than 2million homes have been repossessed since the...
Concern Grows Over Possible 'Double-Dip' Recession
National Public Radio
National Public Radio
There are growing concerns that the economic recovery is fading and the U.S. could slide back into recession — the so-called double dip. Recent economic data suggest the housing market is already doing just that....
The Backward Slide into Recession
Newsvine
Newsvine
Far right policymakers have shrugged off increasingly ominous economic data, choosing to pursue their political aims through obstructionism. Their goal is to block counter cyclical measures that will boost activity,...
Communities key in foreclosure fight: Fed officials
Yahoo Daily News
Yahoo Daily News
NEW YORK (Reuters) – Two top U.S. Federal Reserve officials on Thursday called for a more community-focused approach to the country's ongoing foreclosure crisis, which is weighing on its economic recovery....
Odds of double-dip recession: 25 percent. No, 50 percent!
The Christian Science Monitor
The Christian Science Monitor
Worries about a double-dip recession have spawned much economic commentary … and a humorous country and western song. So how likely is a return to recession? Donald Marron Donald B. Marron is director of the...
Economists See Increased Chance Of Double-Dip Recession
Huffington Post
Huffington Post
Buried amidst the increasingly gloomy economic news of the last few weeks -- which includes stubbornly high unemployment, rising foreclosures and a grim outlook from the Fed, among other factors -- is a growing sense of...
Fed is prepared to keep U.S. out of recession, Bernanke vows
Hartford Courant
Hartford Courant
Reporting from Washington — Faced with fresh evidence that the economic recovery is faltering, Chairman pledged that the central bank stood ready to redouble efforts to prevent the nation from slipping back into...
Feds crack down on inflated mortgage fees
Newsday
Newsday
Originally published: August 16, 2010 4:49 PM Updated: August 16, 2010 4:52 PM Quick Summary The Federal Reserve is banning mortgage brokers and lenders from reaping bigger fees by steering consumers into more expensive...
Case builds for double-dip recession but odds still favor recovery
The Examiner
The Examiner
The spotlight continues to shine on the possibility that the economic recovery could stall and a double-dip recession may ensue. Economic data have been far from robust, and last week central bankers at the Federal...
'Likelihood of US slipping back into recession rises'
The Times of India
The Times of India
WASHINGTON: The US economy grew at a 1.6% annual rate in the second quarter, less than previously calculated, as companies reined in inventories and the trade deficit widened. The revised gain in gross domestic product...
US unemployment figures increase fears of double-dip recession
The Guardian
The Guardian
Worst joblessness statistics for nine months and gloomy manufacturing data send dollar and Wall Street tumbling Americans hold up 'I want to work' placards outside City Hall in Los Angeles on 13 August 2010. Unemployment...

