A few weeks before the new year, investors’ exit from bond funds during 2013 has reached an all-time high by the count of one fundwatcher. Bloomberg Fed Chairman Ben Bernanke Investors have pulled $70.7 billion from U.S. bond mutual funds through the first week of December, according to TrimTabs Research. That’s bigger than the $62.5 [...]
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
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.
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
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
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
By James Picerno: President Obama today is expected to nominate Janet Yellen, who's currently vice chair of the Federal Reserve, to succeed Fed chairman Ben Bernanke, whose term ends in January. The confirmation hearings in the Senate may prove to be rocky, given her critics among the hawks. Show More Summary
Last night, the White House announced that it would nominate Federal Reserve vice chairwoman Janet Yellen to replace Fed chairman Ben Bernanke when his term expires in January. Yellen was widely seen as the frontrunner to receive the...Show More Summary
Federal Reserve vice chairwoman Janet Yellen seems poised to receive the White House's nomination to replace Fed chairman Ben Bernanke in the top spot at the central bank when his term expires in January. Her fiercest competition for the nomination, former Treasury Secretary Larry Summers, withdrew his name from contention last week. Show More Summary
By Scott Minerd: Yesterday's message from the Federal Reserve was both a surprise to the markets and contradictory. Fed Chairman Ben Bernanke made clear that the central bank's primary monetary policy tool is forward guidance. However,...Show More Summary
The Federal Reserve defied investor expectations on Wednesday by postponing the start of the wind down of its massive monetary stimulus, saying it wanted to wait for more evidence of solid economic growth. Fed Chairman Ben Bernanke refused...Show More Summary
By Han Jun Low: Here's MY take on Fed Chairman Ben Bernanke's statements Wednesday: 2:44 PM: Bernanke says most of the improvement in the unemployment rate is due to job creation, not the downward trend in the labor force participation...Show More Summary
By MLP Trader: A decade ago, Fed Chairman Ben Bernanke honored Anna Schwartz, co-author of A Monetary History of the United States as one of the most knowledgeable monetary historians of our era. In an interview shortly before she died,...Show More Summary
By Brad Thomas: In his post-FOMC press conference yesterday, Fed Chairman Ben Bernanke made it clear that unemployment has not improved enough to slow stimulus. By keeping the $85 billion bond-buying program unchanged, the Fed opted to wait until there is an "overall improvement in the labor market". Show More Summary
Fed Chairman Ben Bernanke explained in his post-FOMC press conference that he is concerned about the effect of tighter monetary conditions on the housing market, through its impact on mortgages, and about the debt ceiling debate in Washington.
• At the June FOMC press conference, Fed Chairman Ben Bernanke said (emphasis added): "If the incoming data are broadly consistent with this forecast, the Committee currently anticipates that it would be appropriate to moderate the monthly pace of purchases later this year. Show More Summary