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...
Inflation? Recession? Something's wrong
Philadelphia Daily News
Philadelphia Daily News
By STEPHANIE FARR Philadelphia Daily News 215-854-4225 TWENTY-ONE YEARS AGO, when Eileen Jones joined the staff of First Presbyterian Church in Germantown, the talk was about the church helping "them." Today, the...
Facing inflation, Fed may cut rate one more time
Lexington Herald-Leader
Lexington Herald-Leader
WASHINGTON -- Battling risky economic crosscurrents, the Federal Reserve is ready to bump down a key interest rate again to brace the wobbly economy. That rate cut could turn out to be the last one for a while...
Growth holds off recession
The Miami Herald
The Miami Herald
WASHINGTON -- A new government report Wednesday showed the U.S. economy grew at a sluggish rate of six-tenths of a percent over the first three months of 2008 -- hardly stellar growth but cause for cheer since it...
Tame April price rise eases inflation worry
Reuters
Reuters
Wed May 14, 2008 2:28pm ET | | By Mark Felsenthal WASHINGTON (Reuters) - U.S. consumer prices were tamer than expected in April on a lower energy price reading, giving the inflation-wary Federal Reserve a little...
Fed cuts rates as economy slumps, hoping to stop recession
Syracuse
Syracuse
WASHINGTON (AP) - Scrambling to shore up the faltering economy, the Federal Reserve cut interest rates to the lowest point in nearly four years Wednesday as the nation teetered on the edge of recession. Wall Street...
Fed cuts interest rates to lowest level in 4 years to prop up economy on edge of recession
International Herald Tribune
International Herald Tribune
: Scrambling to shore up the faltering economy, the Federal Reserve cut interest rates to the lowest point in nearly four years as the nation teetered on the edge of recession. Wall Street rallied at first Wednesday but...
Fed has bought enough anti-recession insurance
The Times Of India
The Times Of India
WASHINGTON: With the US economy growing, financial markets recovering and the government sending out tax rebate checks, the reduction in the Federal Reserve’s target for the overnight lending rate ought to be the last...
KC Fed president, issuing inflation warning, says Fed may need to raise interest rates
Kansas City Star
Kansas City Star
Bonds mixed as data shows mild inflation in April
Houston Chronicle
Houston Chronicle
TOOLS NEW YORK - Treasury prices traded mixed Wednesday, pausing in their selloff as investors got some relief from a report showing mild inflation during April. The Labor Department said consumer prices rose 0.2 percent...
Philadelphia Fed chief is hawkish on inflation
Philadelphia Daily News
Philadelphia Daily News
By Bob Fernandez INQUIRER STAFF WRITER Charles Plosser, the president of the Federal Reserve Bank of Philadelphia, is one of two central bankers who are part of the Fed's "hawkish" wing, warning that inflation is a big...
Central bank's action renews debate about inflation as economy struggles.
Austin American Statesman
Austin American Statesman
WASHINGTON — The Federal Reserve, mixing its concern about the weak economy with worries about the rising cost of energy and food, reduced short-term interest rates Wednesday for the seventh time in seven months...
To Wall Street analysts, inflation appears to be the growing threat.
Daily Press
Daily Press
NEW YORK - Wall Street gave up sharp gains and closed lower Wednesday after the Federal Reserve cut interest rates by a quarter-point but left investors guessing about the central bank's next move. The Dow Jones...

