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
The Fed chairman told Congress, in an offhand comment, that valuations may have gone too far in this key market sector
The markets hung on Madame Fed Chairman Janet Yellen’s every word Wednesday. But they couldn’t interpret what she said. The S&P 500 and Dow wavered between losses and gains of more than half-a-percent to losses Read More...
What is Janet Yellen, new Fed chairman, really worried about? Is it that reported unemployment will stay high, that the economic recovery will never get off the ground, that we will fall back into recession, or that consumer prices will...Show More Summary
At a conference on Thursday, former Fed chairman Ben Bernanke took issue with India central bank chief Raghuram Rajan’s suggestion that U.S. central bank officials should pay greater attention to the effects of their policies on overseas economies.
Hey, isn’t that… Die-hard Nats fans, including Bloomberg News’ Al Hunt, NBC host David Gregory, former Fed chairman Ben Bernanke, and former FCC Chairman Julius Genachowski (now with the Carlyle Group), taking in today’s home opener against the Atlanta Braves? The super-fans might not have gotten the curly “W” they were hoping for (the Nats fell […]
Small-cap stocks caught a bid on Monday after Madame Fed Chairman Janet Yellen’s dovish speech renewed risk appetites and belief in the continued bull market. But investors on StockTwits.com saw reasons to be wary. iShares Read More...
By Donald van Deventer: Projected one month bill rates dropped by more than 0.30% in 2020 to 2024 in a delayed response to comments last week by Fed Chairman Janet Yellen. This is the first implied peak in one month bill rates for a few years. Show More Summary
In an interview with contributor David Wessel, Yale economist Robert Shiller describes his thoughts on what actually drives markets—and recalls his encounter with Alan Greenspan just before the Fed chairman’s “irrational exuberance” speech.