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!
Back in March, the former Fed chairman said that we're in trouble because "productivity is dead in the water, and real capital investment is way below average because business people are very uncertain about the future." Greenspan went...Show More Summary
When I started in the investment biz twenty years ago, the Tech Bubble was building engine pressure. When then Fed Chairman Alan Greenspan referred to the mania as "irrational exuberance",
Submitted by Dan Popescu via Acting-Man.com, The Inflation Illusion We hear more and more talk about the possibility of imposing negative interest rates in the US. In a recent article former Fed chairman Ben Bernanke asks what toolsShow More Summary
As we reported yesterday, following the meeting held between Obama and Yellen last Monday, one reader tried to get some additional information on what was exchanged between the two most important people in the world beyond the cursory...Show More Summary
Last week, US President Barack Obama, US Vice President Joe Biden and Chairman of the US Federal Reserve Janet Yellen held a secret meeting at the White House, during which they discussed the US and global economy, an official statement released by the White House said.
Submitted by California State Assemblyman Mike Gatto Electing the next head of the Federal Reserve The large and eclectic field of presidential contenders is in full-out campaign-promise mode, as voters demand positions on everything from ISIS to ethanol. Show More Summary
Emerging market currencies are sliding on Wednesday, ahead of the US Federal Reserve's December meeting, when it is widely expected to announce a hike in interest rates. Fed Chairman Janet Yellen will likely announce that the Federal...Show More Summary
Season 5, Episode 8 On this week’s episode of Freakonomics Radio, two interviews: first, former Fed chairman Ben Bernanke, who was handed the keys to the global economy just as it started heading off a cliff. And then Anne-Marie Slaughter,...Show More Summary
Former Fed chairman Ben Bernanke is joining a new advisory board at PIMCO. According to a press release on Monday, the new Global Advisory Board will also be made up of Gordon Brown, former UK prime minister, and Jean-Claude Trichet,...Show More Summary
Jim Pethokoukis draws my attention to Ted Cruz's theory of why the Great Recession was so great. Here is Joseph Lawler describing Cruz's questioning of Fed chairman Janet Yellen yesterday: Cruz began a round of questioning by stating that, in the summer of 2008, “the Federal Reserve told markets that it was shifting to a tighter monetary policy. Show More Summary
Former Federal Reserve Chairman Ben Bernanke's editorial in The Wall Street Journal on October 5, 2015 had headlines: "How the Fed Saved the Economy" and "Full employment without inflation is in sight. The central bank did its job".Show More Summary
In a talk in London, the former Fed chairman also expressed concern over the monetary firepower of central banks.
The Fed chairman did what was necessary to hold the financial system together after the 2008 Lehman bust. Yet his memoirs reveal that he still doesn’t understand the dangers posed by low interest rates, or the difficulties of escaping from his extraordinary monetary remedies.
The former Fed chairman is out promoting his new memoir. Appearing in an interview with ABC’s George Stephanopolous, former Fed Chairman Ben Bernanke was confronted with comments in his new book comparing Democratic presidential nominee...Show More Summary
Appearing in an interview with ABC’s George Stephanopolous, former Fed Chairman Ben Bernanke was confronted with comments in his new book comparing Democratic presidential nominee Bernie Sanders to a conspiracy theorist for believing that the world is at the mercy of “a vast conspiracy...
From former Fed chairman Ben Bernanke, in his new memoir, The Courage To Act: [I] lost patience with Republicans’ susceptibility to the know-nothing-ism of the far right. I didn’t leave the Republican Party. I felt that the party left me. This is, of course, a deliberate echo of Ronald Reagan's famous line about the Democratic Party leaving him. Show More Summary
"I didn’t leave the Republican Party," Ben Bernanke wrote. "I felt that the party left me."