Nancy Teeters, who in 1978 became the first woman on the Federal Reserve board of governors, then continued to stand out by opposing Fed Chairman Paul Volcker's anti-inflation campaign, has died. She was 84.
Those who were expecting a powerful policy initiative from Fed Chairman Ben Bernanke at the Jackson Hole Conference on Friday were bound to be disappointed. Monetary policy has done just about all it can do. There is always room for fine–tuning, but the gaping policy shortfall is in fiscal policy, not monetary policy. It's clear what should be done. Show More Summary
The former Fed chairman says his inability to refinance his mortgage signals 'excessive' standards
I feel Ben's pain, though I'm pretty sure he didn't feel mine. Bloomberg reports that even the former Fed Chairman doesn't get a break with the banks: Ben S. Bernanke said the mortgage market is so tight that even he is having a hard...Show More Summary
Former Fed Chairman Ben Bernanke has a new job at a think tank, makes $250,000 a speech, and has a lucrative tell-all book in the works, but he and his wife were recently turned down when they tried to refinance...
If the Fed Chairman can't get access to a favorable loan, the 99% are absolutely screwed.
We can now put to rest the debate whether the "most transparent in its communication" Fed, is also the most confused (if not to use a far more derogatory word) ever. One one hand, Bloomberg reports that Fed Chairman Yellen laments that...Show More Summary
Yesterday, former Fed Chairman Alan Greenspan was the keynote speaker at KPMG’s 2014 Insurance Industry Conference Tuesday, where he answered questions such as 1) where the economy is going, 2) why, and 3) when (if ever) is it likely to improve. Show More Summary
Is the U.S. economy in the midst of another bond market "conundrum"? The last time we had one was in 2005 when former Fed chairman Alan Greenspan became perplexed over long-term interest rates failing to rise with the tightening of monetary policy. Show More Summary
New Fed Chairman Janet Yellen and other major central bankers at their annual Jackson Hole conference seem to have committed a heresy by advocating full employment as the goal of central bank policies, above and beyond fighting inflation. Show More Summary
The Fed likes to claim that its policies are aimed at helping Main Street. Ben Bernanke began this argument when he was still Fed Chairman. Janet Yellen has since taken it a step further claiming that she comes from an “intellectualShow More Summary
Traditional options expiration date arrives today. We have options expirations all the time nowadays. Financial repression will last forever, or at least until Fed Chairman Yellen says it won't. Bonds continue to rally and equities like ZIRP. Show More Summary
Far be it for Larry Summers to tell the person who he was passed over for the Fed Chairman gig how to do her job but… Larry Summers has a message for Janet Yellen: Get out of the stock-picking business. At least that was the takeaway...Show More Summary
First, three weeks ago, it was the BIS. Then, last week, it was Janet Yellen, Series 7, 63 certified, who during last week's Humphrey Hawkins testimony, did what no Fed Chairman had done before: commented on stock prices, and what'sShow More Summary
Ben Bernanke pitched his way out of a jam during the financial crisis six years ago. In the Fed’s extraordinary fight to stave off deflation, the former Fed chairman is a middle reliever who inherited a bunch of base runners from the starting pitcher in this game, Alan Greenspan. It hasn’t been pretty but judging [...]
Yves here. Former Fed Chairman William McChesney Martin famously said that the job of the central bank was "to take away the punch bowl just as the party gets going." That line of thinking went out of fashion under Alan Greenspan. Now...Show More Summary
Submitted by Derrick Wulf of No Easy Trade blog, One of the highlights of an otherwise uneventful press conference by Fed Chairman Janet Yellen earlier this week was her carefree dismissal of recent inflation gains as mere “noise.” This...Show More Summary
By Katy Delay: I have become impatient over the last few years with the incredible slowness of the dénouement, i.e. the final act of this Great Keynesian Experiment directed by the Federal Reserve Board that began shortly after the Board's inception in 1913. Show More Summary
Former Fed Chairman Ben Bernanke wants to succeed Bud Selig as commissioner of Major League Baseball, New York Times reporter Andrew Ross Sorkin said this morning on CNBC's Squawk On The Street. Sorkin was responding to a New York Times story by Michael S. Show More Summary
Monday Dallas Fed’s Fisher and San Francisco Fed’s Williams speak on a panel discussing the role of the Federal Reserve at 12:10 EDT. They will be followed by a moderated conversation with former Fed Chairman Ben Bernanke. ECB’s Nowotny...Show More Summary