Former Fed Chairman Bernanke urged emerging-market countries to do more to protect themselves from the impact of an eventual end to the Fed's economic stimulus efforts.
By The Inflation Trader: Thursday new Fed Chairman Janet Yellen jumped on the bandwagon in blaming the recent growth slowdown on the weather. Here's what I have to say about the news and the weather. First, although it's becoming quite...Show More Summary
They were thinking things looked A-OK. For a while…. “I think that our policy is looking actually pretty good,” Fed Chairman Ben Bernanke said of the level of interest rates at a closed-door Fed policy meeting on Sept. 16, 2008, according to transcripts of its policy meetings released Friday with the traditional five-year lag. Show More Summary
By The Inflation Trader: The biggest surprise of the day on Tuesday did not come from new Fed Chairman Janet Yellen, nor from the fact that she didn't offer dovish surprises. Many observers had expected that after a mildly weak recent...Show More Summary
As Fed Chairman Ben Bernanke closes out his term, how will he be remembered? Dean Baker sees a checkered legacy. Getty Images file photo. Friday marks Fed Chair Ben Bernanke’s last day in office, after eight years on the job. Janet Yellen will take over as chair on Saturday, Feb. Show More Summary
EliZabeth Williamson of Real Time Economics, the home for "economic insight and analysis from the Wall Street Journal," analyzes Janet Yellen's first appearance before Congress today: She took her seat at 10:01 a.m., clad in a monochrome suit and sensible shoes, carrying a black vinyl binder with rainbow-colored tabs. Show More Summary
Here is the transcript of Chairwoman Janet Yellen's testimony to the House Financial Services Committee, as provided by the Fed: Chairman Hensarling, Ranking Member Waters and other members of the Committee, I am pleased to present the Federal Reserve's semiannual Monetary Policy Report to the Congress. Show More Summary
By Felix Salmon: Last week, Justin Fox had a great post entitled "How Economics PhDs Took Over the Federal Reserve." The first Fed chairman of the modern era was a banker, Marriner Eccles; he was succeeded by Thomas McCabe, who had a bachelor's degree in economics but whose main qualification was having been the CEO of Scott Paper. Show More Summary
WASHINGTON (AP) — Ben Bernanke, who stepped down last week after eight momentous years as chairman Former Fed Chairman Bernanke Joining Brookings - -
$$$ Former Fed Chairman Bernanke Joins Brookings Institution [Bloomberg] $$$ Ackman questions Herbalife recruiting tactics on new website [Reuters] $$$ Europe’s Banks Poised to Return to Acquisition Trail [WSJ] $$$ SAC’s Martoma Used...Show More Summary
And what fun it’s been, even if we don’t remember it quite as fondly as the go-go days of Alan Greenspan. And since we’ll be without a Fed chairman or -woman this weekend, you’ll have plenty of time to reflect on the bearded sage and...Show More Summary
ByDaniel R Moore: The Federal Reserve members bid farewell to Ben Bernanke at his last formal FOMC meeting on January 29th, 2014. The story surrounding his departure as Fed Chairman for me is what he has taught the investing community about the power and limitations of Federal Reserve policy. Show More Summary
Andrew Harrer/Bloomberg via Getty ImagesOutgoing Fed Chairman Ben Bernanke. By Ann Saphir and Jonathan Spicer Turmoil in emerging markets and a month of disappointing job growth at home are unlikely to deter the Federal Reserve from trimming its bond-buying stimulus Wednesday, as Ben Bernanke wraps up his last policy meeting at the helm of the U.S. Show More Summary
Yves here. With this the last week of Bernanke's tenure as Fed chairman, it will be necessary to brace yourself for a barrage of unwarranted encomiums. Steve Keen provides a useful counterpoint, that Bernanke failed even in his own terms.
Fed Chairman Ben Bernanke will chair his last FOMC meeting this week on Tuesday and Wednesday. It appears the FOMC will reduce monthly asset purchases by another $10 billion per month, from $75 billion to $65 billion. The weaker than...Show More Summary
So Fed chairman Ben Bernanke finally pulled the taper trigger this week. And it was the right thing to do. Stocks soared. And even with some backing-and-forthing, gold, commodity indexes, and the dollar were basically stable. In other...Show More Summary
Fed Tapering – Shades of 1937? In the press conference immediately following the December 17-18, 2013 FOMC meeting, Fed Chairman Bernanke indicated that it was the FOMC’s current plan to have terminated Federal Reserve outright securities purchases by the end of 2014, commencing with a $10 billion reduction in securities purchases immediately after the December...Read More
First, from Fed Chairman Ben Bernanke, Jan 3, 2014: [A]t the current point in the recovery from the 2001 recession, employment at all levels of government had increased by nearly 600,000 workers; in contrast, in the current recovery,...Show More Summary
Friday's disappointing and slightly perplexing jobs report is likely to curb the Fed's recent enthusiasm about the U.S. economic recovery, but it seems unlikely to convince officials to alter the course Fed Chairman Bernanke laid out for the central bank in December.
(WASHINGTON) — President Barack Obama intends to nominate Stanley Fischer to be vice chairman of the Federal Reserve. Fischer is a former head of the Bank of Israel. He would succeed Janet Yellen, who’s succeeding Fed Chairman Ben Bernanke. Show More Summary