This is a from commencement speech today by Fed Chairman Ben Bernanke: Economic Prospects for the Long Run Now here's a question--in fact, a key question, I imagine, from your perspective. What does the future hold for the working lives...Show More Summary
The key reports this week are the April existing home sales on Wednesday, and the April new home sales report on Thursday. On Wednesday, Fed Chairman Ben Bernanke will provide testimony on the Economic Outlook, before the Joint Economic Committee, U.S. Show More Summary
A record $495 mln Christie’s sale set new highs for the abstract expressionist and other artists. More collectors than ever have $20 mln to spend on a single work. It paints a picture of an art world indebted to the Fed chairman and his alternative asset-friendly monetary policy.
Former Fed Chairman Paul Volcker warned financial markets could overheat if excess liquidity in the system is maintained for too long, while adding financial markets are currently dysfunctional given the government's involvement in the residential mortgage market.
A rundown of the leading contenders for the post of Fed chairman, and some key quotes about their views on monetary policy.
Bloomberg reporters didn't only use Bloomberg terminals (the machines most widely used by the financial sector to monitor the market) to spy on Goldman Sachs or JPMorgan. They also spied on the activities of Fed Chairman Ben Bernanke and Treasury Secretary Tim Geithner. Read more...
Journalists at Bloomberg took advantage of the company’s network of market information terminals to spy on a number of users including Federal Reserve Chairman Ben Bernanke, CNBC reports. Access to terminal data revealed to the employees which functions had been accessed and how frequently by clients including Goldman Sachs. Show More Summary
The Bloomberg scandal just keeps getting worse. Steve Liesman of CNBC reports that Bloomberg reporters used private log-in data to spy on the activities of Fed Chairman Ben Bernanke and Treasury Secretary Tim Geithner. Both the Federal...Show More Summary
In this recent hard-hitting interview with Financial Sense Newshour, successful entrepreneur and twice presidential candidate Steve Forbes likens Fed Chairman Ben Bernanke to a blind astronomer, says quantitative easings, or “QE’s”, should be called “Titanics,” while also warning listeners of impending wealth taxes now used in France and elsewhere.
David Glasner: >Martin Feldstein writes: >>Quantitative easing… is supposed to stimulate the economy by increasing share prices, leading to higher household wealth and therefore to increased consumer spending. Fed Chairman Ben Bernanke...Show More Summary
The Dow is all over the place today, with a speech from Fed Chairman Bernanke as the likely culprit of investor uncertainty.
From Fed Chairman Ben Bernanke: Monitoring the Financial System Ongoing monitoring of the financial system is vital to the macroprudential approach to regulation. Systemic risks can only be defused if they are first identified. ThatShow More Summary
The U.S. financial system still faces a number of vulnerabilities five years after the onset of the financial crisis, pushing regulators to broaden their oversight over all facets of financial markets and firms, Fed Chairman Bernanke said.
This has been a very light week for economic data. On Friday at 9:30 AM ET, Fed Chairman Ben Bernanke will speak, "Monitoring Finance", At the 49th Annual Conference on Bank Structure and Competition, Chicago, Illinois And on the deficit...Show More Summary
Here’s Karl Smith: Volker’s clout on the FOMC grew the entire time and when he became Fed Chairman in 1979, he dropped the hammer.. . . The Fed drove the funds rate up from 5% in 1976 to 19% in 1981. I know, I know, Scott Sumner is scowling. Here is the growth rate [...]
This will be a very light week for economic data. The Fed's April Senior Loan Officer Survey will be released on Monday, and Fed Chairman Ben Bernanke speaks on Friday. Yesterday on the employment report: • April Employment Report: 165,000...Show More Summary
The Federal Reserve is "willfully" withholding documents related to their exit strategy planning, says Rep. Darrell Issa, Republican from California and chairman of the House Oversight Committee. In a letter sent to Fed Chairman BenShow More Summary
``he last time a Fed chairman didn't address the conference was 25 years ago. Greenspan attended the conference, but did not speak at the event in 1988. It was only a year later that Greenspan started the tradition of the chairman offering the keynote speech at the conference. Show More Summary
By The Federal Reserve Bank of Atlanta: By Paula Tkac and Larry Wall As Fed Chairman Ben Bernanke has indicated, too-big-to-fail (TBTF) remains a major issue that is not solved, but “there’s a lot of work in train.” In particular, he pointed to efforts to institute Basel III capital standards and the orderly liquidation authority in Dodd-Frank. Show More Summary
There was a great piece in the satirical news source The Onion a few years ago in which it “reported” that Fed chairman Ben Bernanke experienced a moment of existential panic during a congressional hearing as he paused, shook his … Continue reading ?