Investment guru Jim Rogers has criticised Federal Reserve chairman Ben Bernanke's decision to pump a further $600bn into the US economy, saying he "does not understand economics".
Federal Reserve chairman Ben Bernanke has given his strongest signal yet that he will begin another round of quantative easing in the US, to try to acheive the economic "benefits" of the UK programme.
The Federal Reserve is prepared to take "unconventional measures" to prop up the US economic recovery, said Ben Bernanke in a speech today.
The Federal Reserve plans to reinvest principal payments on its mortgage holdings into long-dated treasuries in an effort to revive the stuttering US economic recovery.
With choppy waters forecast, is it time to increase your cash weighting?
The FTSE was down in early morning trading by 21.35 points (0.40%) at 5292.46, as markets remain cautious awaiting the latest UK GDP reading - due at 9:30am - and EU bank stress test results due after close of business today.
The US Senate has approved the largest overhaul of financial regulation since the Great Depression, which is aimed at averting a repeat of the recent credit crisis.
Federal Reserve chairman Ben Bernanke believes the US recovery remains on track and world's largest economy should avoid a double-dip recession.
US Fed chief Ben Bernanke has told students money doesn't buy happiness, and they should spend time with friends instead.
Federal Reserve chairman Ben Bernanke has once again allayed fears of a double-dip recession saying the US is staging a "moderate economic recovery".