ben bernanke, the chairman of the u.s. federal reserve, said financial conditions may improve slightly. interest rates will remain at or around where they are until 2014. >> for anyone looking for a strong recovery in america, ben bernanke hit a downbeat note. he has pushed back the date of the let the interest rate rise until late 2014. that is in the hope that the extremely low rates will spur faster growth. >> many decided to keep the target range for the federal funds rate at 0% 2.25%. these are exceptionally low levels for the federal funds rate at least until 2014. >> the workings have long been shrouded in secrecy. they were less so until today. for the first time, ben bernanke identified a specific target to u.s. inflation at 2%. it disclosed the interest-rate forecasts from each member of the rate-setting team. >> there is to be widespread agreement that clear and transparent central bank communications facilitate well informed decision making by households and businesses, reduce economic and financial uncertainty

he and ben bernanke and mervyn king all went to m.i.t. together. they were schooled -- >> and the similar types of lessons they thought. that's an interesting point. silver, you still see it going to $50. >> yes. >> gold, $3,000. >> easily. it's going to be -- >> a lifetime. >> exactly. >> which is about two weeks. >> the way you live, in the next three years. enjoy the rest of your life. >> scott, thank you very much. >> i'll be holding the fort down. >> herb, are you talking to yourself? what's happening? >> i was talking to our producers. i was looking at some names i want to discuss and just point out because what i like to do is take a look at some of the companies that are trending on stock picks. it gives us an idea of what people are talking about at this

the feds long-term plan is unusual but chairman ben bernanke says that it's a move designed to avoid destabilizing surprises. he says that while unemployment should continue to fall, wide economic growth will be slower than expected. >> stronger economic recovery, to help ensure that inflation over time is at levels consistent with our statutory mandate, the committee will keep the same highly accommodatetive stance. we continued to keep it at 0 to .25%. we think it will warrant exepgsly low levels for the federal funds late until at least 2014. >>> ben bernanke three. let's get more detail. the feds message appears to be slowly but surely. while there's still no word on a new round of kwaun at thattive easing or qe 3, he's keeping all options open to ensure that he doesn't have to lower the costs yet again. let's just have a look at how things are looking right now. the imf rec cons the u.s. economy grew by 1.8% in 2011. we'll get a better idea when the figures are released on friday. the fed predicts this growth will rise gradually to as high as 2.7% this year and 3.2% next year an

. >>> federal reserve chairman ben bernanke has extended easy monetary policy. we have more from the business desk. >>> the low lending rates were set to expire middle of 2013, next year. but that's been pushed back by more than one year. the u.s. central bank says it will keep key interest rates at very low levels until at least late 2014. in a statement released after the open market committee meeting on wednesday, the federal reserve said it will extend its ultra easy monetary policy by more than one year. the fed says corporate capital investments are slowing and that the u.s. housing market remains sluggish. >>> fed chairman ben bernanke says credit woes in europe have strained financial markets around the world and could pose a risk of severe economic deterioration. >> we continue to see headwinds emanating from europe coming from the slowing global economy and some other factors, as well. i don't think we're ready to declare that we've entered a new, stronger phase at this point. >> bernanke also said the fed is prepared to take further steps if it sees t

. >>> ben bernanke has extended policy, good morning. >> good morning, catherine. the super low lending rates were set to expire in the middle of 2013. that's been extended by more than one year. the u.s. central bank says it will keep key interest rates at very low levels until at least late 2014. in a statement released after an open market committee meeting on wednesday, the federal reserve said it will extend its ultra easy monetary policy by more than a year. the fed says corporate capital investments are slowing and the u.s. housing market remains sluggish. fed chairman ben bernanke says credit woes in europe has strained financial markets around the world and could pose a risk of severe economic deterioration. >> we continue to see head winds emanating from europe, coming from the slowing global economy, and some other factors as well. i don't think we're ready to declare that we've entered a new, stronger phase at this point. >> bernanke also said the fed is prepared to take further steps if it sees the recovery is faltering or inflation is not moving towar

because what ben bernanke would love to see is what he calls a virtuous cycle. and spend, that means there's more demand for people to get hired, more people hired, people spend. your house starts to come back up. that's what they're trying to orchestrate, and you just wonder if they'll go too far. obviously, when that initially happens and at some point with so much money it might happen or will happen, do you recognize when it's time to turn off the spigot? jenna: in 2006 they were most concerned about inflation, not necessarily a housing crisis, and now we're back again looking at inflation. is that a concern you have? >> inflation is going to be a massive, massive problem. it's hard to pinpoint when it's going to happen, but it's inevitable. you just don't know. and initially, as it happens it's going to be good because everyone's going to be happy their 401(k)'s getting better. it's only when it starts to run off the rails, these guys are supposed to catch it before the rest of us do. jenna: well -- >> we'll see. [laughter] and if they don't, ben bernanke w

ben bernanke appearing fourth on the list. and then down here.ext award we want to give is the power player of the year award. the most movement per speech and that was, drum roll, charles placer, philly fed president. just barely edging out bull ard. .92 versus .91. all the way down here is where you find bernanke. well below the others. the other thing you see here is a lot of the hawks do the talking. evans is the first real dove to appear right there in market movement per speech. finally, one of the most interesting parts here, guys, the market neutrality award. don't take this the wrong way. this is not because they're boring, it's because they are likely to move the two-year up as down. last year was fed president from boston but the market neutrality award this year goes to dennis lockhart of atlanta. it's interesting to follow this person because he often could be on the side of where policy is going. bull ard, plosser and fisher these are the hawks tend to move the two-year yield higher and down here the doves tend to move it lower. loc

i totally understand where this less-than-rosy coloration comes from, fed chair ben bernanke. i see the tweets on twitter where i've been feisty and giving people the business. i don't care about the negative people. we'd be stuck in a permanent recession if it wasn't for bernanke, if he hadn't taken the bull by the horn or the bear by the ears. i'm really loathe to criticize the guy, especially since congress has done nothing to ease the pain. he came out and said he has to keep interest rates low for a couple years because things are so lousy, i blanched. i don't know what it means. it always seems to be used when people are upset. sure enough, the stock market loved the blanching. we need a higher stock market. bernanke knows stocks are the way we save money. bernanke also knows if he's going to keep rates ultra low, he's going to drive savers to the high yielders. stocks like at&t, that quarter wasn't so bad, verizon, pfizer. he's sending you out of the fixed income aisle, wall street gibberish for bonds. toward the high dividend aisle. that's all good with me. uncle ben i

it's followed by a news conference with chairman ben bernanke. he's expected to deliver the outlook for interest rate changes. as american airlines continues its flight through bankruptcy, parent company a.m.r. today warned of more job cuts among its executive ranks. in a letter to employees, the carrier said the restructuring starts at the top, but it didn't say how many managers will be cut. meanwhile, progressive corp, the auto and home insurer, is hanging out the "help wanted" sign. it plans to hire 1,100 workers across the u.s., boosting its head count by about 1%. >> tom: some crop prices may have hit record highs last year, but so did crop losses. crop insurance pay-outs could top $10 billion for last year. so far, a record $9.1 billion has been paid out for 2011, covering losses tied to everything from droughts in the plains to midwest flooding and freezing cold weather in the south. crop insurance is subsidized by the agriculture department and serves as a backstop for the nation's farmers. the countdown is on to the biggest day in the t

declared the abandoning of the ship now i am in charge now that's what timothy geitner that's what ben bernanke that's what george w. bush and then obama should have done as in control of the u.s. economy and banking system they should've said lloyd blankfein jamie diamond all you other sh'ma gagne's you have abandoned ship get off i'm in charge right have ben bernanke you better in charge of rescuing the cruise ship his solution would have been to take a boat out of the ship with a crowbar and make the hole in the boat and all the problems bigger that's the central bank solution to the global economic crisis is to make the whole bigger with artificially low interest rates this is what's making the situation even worse and of course in europe we find that they're going to expand the european central banks credit lines by a trillion euro that's the exact opposite of what is required to bring some of this accountability that you're talking about the maritime law stepped in people are drowning. don't go in there obviously dying so maritime law came in and said ok we have to impose the law now in t

i actually am an admirer of ben bernanke. i think that the actions taken by the fed in the fall of 2008 probably kept this economy afloat. but neither mr. bernanke nor the federal reserve are infallible. many of the things that they're doing could be downright dangerous. we have as of year end, over a $15 trillion deficit. every time -- when interest rates rise, and eventually they will rise, if we rise one percentage point, that's $153 billion more of interest for a 1 percentage point increase. we have treasury bills almost at 0. the rate on treasury bills is 0.04%. that means in six months on a million dollars, you would pay $200 in interest. we all can remember times when interest rates were significantly higher. one of the questions i think we as americans have to really ask ourselves, why, if we are the richest nation in the history of the world, why are we a debtor nation? this can be leading us nowhere good. >> rick: so as far as announcing the rates are going to stay near 0, until at least the end of 2014, is that to

own provision would you do it no you do it while they're at it again federal reserve chairman ben bernanke he is now pushing congress to help housing bernanke he wants the broke home proper offers fannie and freddie owned by the u.s. taxpayer to provide cheaper mortgages to more of the same taxpayers makes sense we think maybe bernanke he has his hands full just propping up the big banks let's get to today's capital account. as i said europe is really a sore that will not heal government medicine yeah not helping so much so let's see what's been going on lately france had a not so hot bond auction the country may not be looking so aaa after all spain is warning its banks to set aside fifty billion more euros to guard against bad loans greece needs dough as some of its citizens are forced to search through dumpsters literally for bread and you see it right there now the country faces the risk of default in march unless it gets a new bailout deal also investors drove appeals on hungary's debt they came close to ten percent italian ten year bond yields jumped back above that key seven percent

and what it used to be and what it will be again ok i'm talking about the turn nature of money ben bernanke in his recent statement as talking about interest rates remaining at effectively zero through twenty fourteen and beyond so here you have a situation that you have a piece of paper that pays no interest that is subject to counterparty risk that is confiscated openly by banks like m.f. global that the rest of the world hates and is doing bilateral deals outside of the this piece of paper the us dollar and i'm talking about of course what's going on with china and russia brazil or you've got gold going on what do you what do you go for well i mean you know that gold is reverting to its traditional role as the world's reserve currency max it's very obvious in my mind i mean you think about the last hundred years they've been to global reserve currencies gold followed by the dollar and we're going back into gold again you know that's the way i see it and and i think probably the most telling thing of all is the eurozone by the germans are hand over fist in the physical market buying huge

the people who do not get justice because there is a queen there is a prince philip there is a ben bernanke you there is a mervyn king there are these people standing between you and your wealth they have they allow for the bankers to steal your wealth over and over and over and they will not ever do anything to stop it so there will be prosecutions and show trials says michael thomas there will be violence mark my words he says houses burnt property defaced i just hope that this time the mob targets the right people and wall street and washington how does a right thinking christian go about asking santa for mitch mcconnell's head under the christmas tree all right stay right there will be back much more coming your way after this. the official. pulled from the dumpster. and. has a welcome back to the kaiser report stays there but we were talking about retribution of course we were talking about retribution and i have some very good headlines on that coming up but first i want to start with a very important story to this theme work talking about here and let's turn to this tweet that i twee

trillions of immaculately conceived dollars not come from out of the lloyds of the virgin mary ben bernanke now here is how david cameron's government chose to hit back who did they appoint to speak lord green first pierpoint green he says oh poppycock is not. bishop i think a lot of tests changed since two thousand and they actually and i think there has been a lot of soul searching in the financial services industry quite rightly to just being good looking or doing done talk to one of her silence the other strange ring and face reality again your entire cities being burned down by terrorist bankers and out there in the cloak whatever it rubbing uglies when you should be doing something productive and then they go on to mention lord green a former chairman of h.s.b.c. said the government would need to remain watchful to stop backsliding by the city but he said it was wrong to single out the financial services industry for criticism he said it is important not to treat banking like some special mysterious art banking is a business and all businesses face this question what is their contribu

the people who do not get justice because there is a queen there is a prince philip there is a ben bernanke he there is a mervyn king there are these people standing between you and your wealth they have they allow for the bankers to steal your wealth over and over and over and they will not ever do anything to stop it so there will be prosecutions and show trials says michael thomas there will be violence mark my words he says houses burnt property defaced i just hope that this time the mob targets the right people and wall street and washington how does a right thinking christian go about asking santa for mitch mcconnell's head under the christmas tree all right stay right there will be back much more coming your way after this. break. i had a family i lived in a nice community wasn't rich wasn't upscale it was just like you know. they started showing up at. my company decided i could get cheap labor and they get rid of. your. resume legally legally. every morning we have to go to work and you know we have to pay our bills and we have to do it and that's just the american dream and if you