Authored by Kevin Muir via The Macro Tourist blog, Last night the US stock market sold off on headlines that Trump had taken Gary Cohn’s name out of the running for the next Fed Chairman. From CNBC: A senior administration official told...Show More Summary
The President was reportedly angry that the Cohn publicly chided him over his “many sides” response to Charlottesville.
President Trump “is unlikely to nominate Gary Cohn, his top economic adviser, as the next Federal Reserve chairman, indicating that he is open to considering additional names for a pick he has said he would like to make by year’s [....
"Until [Friday] morning, Gary Cohn was the overall front-runner, in my determination," to be the nominee for Fed chairman, said Alan Blinder, a former Fed vice chairman. "I don't think so anymore." Blinder said the points Cohn and Yellen were making on Friday were very different. Show More Summary
Central bankers from around the world are gathering in Jackson Hole, Wyo., for an annual symposium organized by the Federal Reserve. Investors are watching the symposium closely, paying especial attention to Fed chairman Janet Yellen and European Central Bank president Mario Draghi. Show More Summary
Last week former Fed Chairman Alan Greenspan warned that the bond market was a gigantic bubble waiting to burst. This week, another financial elite, Jamie Dimon, CEO of JP Morgan, has said the same thing. “I do think that bond prices are high,” the chief executive officer of JPMorgan Chase & Co. Show More Summary
Thomas Hoenig, the former KC Fed Chairman and current vice chairman of the Federal Deposit Insurance Corporation (FDIC) stated recently that banks are choosing to distribute their earnings to investors rather than lend. The post FDIC’s...Show More Summary
Ten years ago CNBC's Jim Cramer made his feelings clear when he sounded off on then Fed Chairman Ben Bernanke.
Greenspan Warns Moving Into “Stagflation Not Seen Since the 1970s” - Former Fed Chairman warns of bond bubble, stagflation- “Moving into a... stagflation not seen since the 1970s"- This will not be "good for asset prices”- 10 Yr GovShow More Summary
Ten years ago, two little-known hedge funds blew up, and the financial crisis was on its way. Today, we ask the person at the center of it all, former Fed Chairman Ben Bernanke, why it happened.
In 2013, Treasury markets went haywire after former Fed Chairman Ben Bernanke said the Fed would no longer buy bonds. Those bond purchases had been part of the Fed's quantitative easing program with a goal of keeping interest rates low. Show More Summary
This morning, Minneapolis Fed Chairman Neel Kashkari penned an essay "Why I Voted to Keep Rates Steady" in which the former Goldmanite says that while core inflation “seems to be moving up somewhat, it is doing so slowly, if at all.”...Show More Summary
An era of cheap money makes it easy to oversimplify the former Fed chairman's record. Sebastian Mallaby's new book, however, revels in the complexities of Greenspan's intellect, instinct and ego. His runs in Washington circles and spirited personal life are the real surprises.
The Federal Reserve Bank of San Francisco has released a simulator that challenges you to be the Chair of the Federal Reserve and "achieve full employment and low inflation." (more…)
Alan Greenspan just can't stay away from the spotlight these days. The 90-year-old, former Fed chairman, who in recent years has sounded surprisingly similar to Trump (or perhaps it's the other way around), most notably in late JuneShow More Summary
The former Fed chairman is deeply concerned about the "crazies."
(September 2, 2016 11:53 AM, by David Henderson) Hamilton was without doubt the best and most foresighted economic policymaker in U.S. history. So writes former Fed chairman Ben Bernanke. Monetary economist and fellow UCLA grad Lawrence H. White disagrees. Larry writes: Now that the controversy has cooled we... (4 COMMENTS)
Submitted by David Stockman via Contra Corner blog, During the 29 years after Alan Greenspan became Fed chairman in August 1987, the balance sheet of the Fed exploded from $200 billion to $4.5 trillion. Call that a 23X gain. That’s a pretty massive increase—so let’s see what else happened over that three-decade span. Show More Summary
During the 29 years after Alan Greenspan became Fed chairman in August 1987, the balance sheet of the Fed exploded from $200 billion to $4.5 trillion. Call that a 23X gain. That’s a pretty massive increase—so let’s see what else happened...Show More Summary
His detractors condescendingly called former Fed Chairman Ben Bernanke “Helicopter Ben”. The post A Real Look at Helicopter Money was originally published at The Wall Street Examiner. Follow the money!