Former Federal Reserve Chairman Ben Bernanke, a prominent student of the Great Depression, contends that the 2008 financial crisis was actually worse than its 1930s counterpart.
Time magazine awarded Federal Reserve Chair Ben Bernanke Man of the Year for his efforts that led the Fed to buy $3 trillion in bonds and mortgages to push up prices on the securities markets in order to create a “wealth effect”. Bernanke’s “quantitative easing” (QE) was supposed to put more money in circulation to encourage people to consume. Show More Summary
Sheila Bair, former chairman of the U.S. Federal Deposit Insurance Corp., describes what it was like in the room with former Treasury Secretary Hank Paulson and former Federal Reserve Chairman Ben Bernanke when the global economy was on the verge of falling into the abyss in this week’s “Masters in Business” podcast. Listen to the...Read More
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
By WindRock Wealth Management: Higher equity prices will boost consumer wealth and help increase confidence, which can spur spending. — Ben Bernanke, 2010 Across all financial media, between both political parties, and among most mainstream economists, the “wealth effect” is noted, promoted, and touted. Show More Summary
Submitted by Monty Pelerin via Economic Noise blog, Would Salvador Dali make a better Federal Reserve Chairman than Janet Yellen or Ben Bernanke before her? If that seems far-fetched to you, read on to understand the benefits Salvador Dali might provide for the Fed. Show More Summary
By Joseph Calhoun: By Jeffrey P. Snider As is usual at this time of year, the Chairman of the Federal Reserve Board and FOMC will gain inordinate attention due to the upcoming Jackson Hole assembly. Ben Bernanke in his stint made use of the PR to first introduce his ideas about coming intervention and manipulation. Show More Summary
By Shock Exchange: Earlier this month Rick Santelli of CNBC went on another one of his epic rants. This time the rant was over Fed Chairmen Ben Bernanke and Janet Yellen treating the U.S. economy like it was in crisis. He and CNBC's Steve Liesman got into a heated debate about whether easy money had created a stock market bubble. Show More Summary
After Federal Reserve Chair Janet Yellen was sworn in to replace the outgoing Ben Bernanke earlier this year, she made it clear that she was going to rely on a larger variety of economic indicators besides the unemployment rate, which has steadily declined to just over six percent. Show More Summary
I'm on my way up to New York from Washington and ran into former Fed head Ben Bernanke waiting for the train. Here's a 15 second interview with him. Is his life better now hat he's no longer running the nation's central bank? "Absolutely." Does he think the Fed should be audited? Er, he doesn't want to do an interview.
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 [...]
Yellen Yap SillinessThe spotlight on Fed Chair Janet Yellen is rather amusing given she is more disingenuous than former Chair Ben Bernanke. Some of the headlines are downright silly. For example, Bloomberg reports Dollar Rises to Highest in 3 Weeks on Yellen Comments. Show More Summary
Like the Federal Reserve, which found that ending its extraordinary support for the U.S. economy required careful and patient planning – witness last summer’s “taper tantrum” when then-Chairman Ben Bernanke first hinted at an exit – the Bank of Japan is already preparing for the Day After. An opposition lawmaker grilled Bank of Japan Gov. Show More Summary
The Federal Reserve has just experienced a good deal of turnover, with four governors, including former Chairman Ben Bernanke, departing in the past year. Janet Yellen has taken leadership of the central bank along with Stanley Fischer who was sworn in as vice chairman this week. Show More Summary
"The Fed, whether run by Ben Bernanke or Janet Yellen, is in no rush, after so many head fakes over the last four years, to jeopardize the recovery by tightening too soon or reducing accommodation too quickly. That’s it. Full stop." That's...Show More Summary
By Joseph Y. Calhoun III: What is (was?) Quantitative Easing intended to accomplish? Here's what Ben Bernanke said at Jackson Hole when he first proposed the program: The channels through which the Fed's purchases affect longer-term interest rates and financial conditions more generally have been subject to debate. Show More Summary
A second set of Wine Country Conference Speaker Presentation videos is now available. This set features Stephanie Pomboy on the Confessions of Ben Bernanke, Mebane Faber on Global Stock Valuations, and panel a discussion with John Hussman, Mebane Faber, Stephanie Pomboy. Show More Summary
Are Ben Bernanke’s loose lips the real cause of surging stocks and plunging interest rates? Yes,he may have been the catalyst for the recent market rally. Read my full column here.
The European Central Bank is under pressure. Inflation in the eurozone is at 0.7 percent but as Ben Bernanke supposedly stated, we are never sure if we measure these things correctly. So by all we know, the eurozone may already be in mild deflation.
There are a couple of possible reasons why Bernanke rakes in hundreds of thousands of dollars per private dinner party. Not one of them is good.