For anyone who still suggests, incorrectly, that Larry Summers was the "wrong" choice for Fed Chairman just because he would promptly end QE the second he was elected as the erroneous popular meme goes, we have one soundbite from his...Show More Summary
From Fed Chairman Ben Bernanke: Communication and Monetary Policy. An excellent speech worth reading. Excerpts on current situation: In coming meetings, in evaluating the outlook for the labor market, we will continue to consider both the cumulative progress since September 2012 and the prospect for continued gains. Show More Summary
Janet Yellen, who will likely be the next Fed Chairman, is insane. There is simply no other way to describe someone who claims inflation is below 2% today and that the Fed’s monetary tools can improve employment. Here are her comments on these subjects. Show More Summary
The Senate Banking Committee held a confirmation hearing for Janet Yellen this morning, who has been nominated to be the 15th Chair of the Federal Reserve (and the first woman). Though Fed chairman and candidates for the position are...Show More Summary
Janet Yellen will be the new Fed Chairman come January 2014. Yellen is the head of the San Francisco Fed. There is a lot of misinformation about her on the web, but the fact of the matter is that she is a career academic with absolutely zero banking experience or business experience. Show More Summary
WASHINGTON (Reuters) - The more steps the Federal Reserve takes to openly explain its policy decisions to the public the more legitimate and effective the U.S. central bank will be, Fed Chairman Ben Bernanke said on Wednesday.
Federal Reserve vice chairwoman Janet Yellen has been nominated by President Obama to succeed Fed chairman Ben Bernanke when his term expires in January. Tomorrow at 10 AM ET, the Senate Banking Committee holds a confirmation hearing, and it will mark the first time since April that Yellen has spoken publicly about monetary policy. Show More Summary
On Thursday Federal Reserve Board Vice Chairman Janet Yellen appears before the Senate Banking Committee to defend her nomination to succeed Fed Chairman Ben Bernanke, who received the weakest approval ever from the Senate when he was confirmed in February 2010. Show More Summary
Markets seem unimpressed with China’s big meeting on reform, and investors anxiously await an evening speech by Fed Chairman Ben Bernanke.
We are certain to hear more and more appraisals of Bernake's tenure as Fed chairman as he approaches the end of his term. But will they use good benchmarks? We suggest measuring his performance against his claims for the Fed's objectives and what he said the central bank could accomplish. Not surprisingly, we find that he came up short.
From Fed Chairman Ben Bernanke: The Crisis as a Classic Financial Panic. A few excerpts: The recent crisis echoed many aspects of the 1907 panic. Like most crises, the recent episode had an identifiable trigger--in this case, the growing...Show More Summary
Regulators have taken a number of steps since the 2008 crisis to ensure that the government-led rescue of the financial system doesn't encourage further irresponsible risk-taking, Fed Chairman Bernanke said.
``Americans still overwhelmingly favor a public audit of the Federal Reserve, perhaps in part because a sizable number think the Fed chairman has too much power over the economy.''
By Ian Wyatt: Sometimes, the financial markets give us a second opportunity to make money or avoid a loss. That's exactly what's happening today. Back in May, Fed Chairman Ben Bernanke announced "tapering." He was referring to a coming reduction of the $85 billion monthly bond-buying program known as QE3. Show More Summary
By Dean Popplewell: By Alfonso Esparza The market is looking at the US Federal Reserve for guidance in these turbulent times. Fed Chairman Ben Bernanke is set to step down early next year and his successor should have been announced already. Show More Summary
Fed tapering will be a legitimate worry in a few months, but should not be yet. Analysts and economists have been concerned for almost five years now about how Fed Chairman Bernanke would ever be able to manage a successful exit from the Fed’s massive QE stimulus efforts.
The Federal Reserve shocked market participants in September with its decision to refrain from tapering quantitative easing, as many felt that the central bank had signaled the move at its June meeting. Fed chairman Ben Bernanke sparked...Show More Summary
Former Fed Chairman Alan Greenspan joined Jon Stewart on the Daily Show last night to promote his new book "The Man and the Territory" and discuss the errors of the financial crisis. Greenspan argued that, prior to the crisis, he thought...Show More Summary
Fed Chairman Bernanke on Monday said the independent status of Mexico's central bank has helped Mexico achieve economic stability over the past two decades.
This is what I'd like to see (and many other analysts and economists would too): • Eliminate the "debt ceiling". It is superfluous. As former Fed Chairman Alan Greenspan and others have said, the "debt ceiling" is just arithmetic. We have approved expenditures. Show More Summary