Authored by EconomicPrism's MN Gordon via Acting-Man.com, Bernanke Redux Somehow, former Federal Reserve Chairman Ben Bernanke found time from his busy hedge fund advisory duties last week to tell his ex-employer how to do its job. Namely, he recommended to his former cohorts at the Fed how much they should reduce the Fed’s balance sheet by. Show More Summary
Former U.S. Federal Reserve Chairman Ben Bernanke suggested Sunday an income tax cut to get the economy moving is unnecessary, and the country would be better off with infrastructure spending and tax reform. “I think that it is important, as I mentioned, even though the recovery is proceeding, the...
NPR: “Ten years later, we’re still dealing with the effects of the 2008 financial crisis. Some industries and parts of the country are still trying to recover from the worst economic period since the Great Depression. It was Ben Bernanke’s job to stop the crashing and pick up the pieces. Show More Summary
Ten years ago, two little-known hedge funds blew up, and the financial crisis was on its way. Today, we ask the person at the center of it all, former Fed Chairman Ben Bernanke, why it happened.
Republicans think the economy is surging. Democrats think a recession is imminent. When economics become politicized, it leads to bad policy.
Federal Reserve Vice Chair Stanley Fischer’s academic and policy credentials are hard to match. During his days at MIT’s economics department, he was a teacher of teacher, lecturing to Ben Bernanke, the ex-Fed chairman, and Mario Draghi,...Show More Summary
Authored by Jeff Thomas via InternationalMan.com, Regarding the Great Depression… we did it. We’re very sorry… We won’t do it again. – Ben Bernanke Waiting too long to begin moving toward the neutral rate could risk a nasty surpriseShow More Summary
Ben Bernanke:...the Fed and other central banks cannot ignore the risks created by a low level of “normal” interest rates, which in turn limit the scope for interest-rate cuts. A wide-ranging discussion of alternative policy approaches would thus be...
Ben Bernanke: How big a problem is the zero lower bound on interest rates?: If inflation is too low or unemployment too high, the Fed normally responds by pushing down short-term interest rates to boost spending. However, the scope for...
In 2013, Treasury markets went haywire after former Fed Chairman Ben Bernanke said the Fed would no longer buy bonds. Those bond purchases had been part of the Fed's quantitative easing program with a goal of keeping interest rates low. Show More Summary
In May 2013, then Federal Reserve Chairman Ben Bernanke hinted to Congress that the Fed would consider tapering its $70 billion monthly bond-buying program. The markets reacted swiftly and
Patrick Sullivan directed me to a very interesting essay by Ben Bernanke. As you’d expect, the article is well thought out and mostly accurate. But there is one issue on which I strongly disagree: Prior to the crisis, the Fed set short-term interest rates through open-market operations that varied the quantity of bank reserves in […]
Must-Read: Why are economists who work for Trump still received in polite society? John Taylor, Mike Boskin, Greg Mankiw, Glenn Hubbard, Ed Lazear, Ben Bernanke, Harvey Rosen, Marty Feldstein, Alan Greenspan, George Shultz: this mess is on your side of the fence--you clean it up. Please. Kevin Drum: _[Trump OMB...
Ben Bernanke: Why Dodd-Frank’s orderly liquidation authority should be preserved: The collapse of the investment bank Lehman Brothers in September 2008 was perhaps the defining event of the financial crisis. Lehman’s bankruptcy, followed by the near-collapse (save for government intervention)...
“It’s tradition. Long-term tradition.” July 2011. Rep. Ron Paul (R-TX), since retired, had just asked Fed chair Ben Bernanke why central banks own gold. The post One Sign Germany’s Preparing for Euro’s Collapse? was originally published at The Wall Street Examiner. Follow the money!
Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. He's young, he's Republican, and he was seen a key steward of the Federal Reserve's financial crisis, Chairman Ben Bernanke's right-handShow More Summary
He’s young, he’s Republican and he was seen a key steward of the Federal Reserve’s financial crisis, Chairman Ben Bernanke’s right-hand man. It’s only natural that the name of Kevin Warsh, ex-Fed governor and now a fellow at the Hoover...Show More Summary
Submitted by Jeffrey Snider via Alhambra Investment Partners, QE and ZIRP were monetary experiments, though that is not how they were presented. In public, QE in particular was given a subtext of certainty, that Ben Bernanke’s Fed (or Mario Draghi’s ECB) knew exactly what it took to get the job done and furthermore would get right at it. Show More Summary
With former Fed chair Ben Bernanke becoming the latest academic to opine on the potential unwind of the Fed's balance sheet last week (naturally, he was against it realizing the potentially dire implications such a move could have on...Show More Summary
One of the more controversial topics to emerge over the past three weeks has been the "trial balloon" by various Fed presidents, most notably Bullard and Harker, suggesting that the time to start unwinding the Fed's balance sheet is almost here. Show More Summary