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Ben Bernanke Federal Reserve

Hot New Real Estate Trend

Mary Buffett | Posted 12.21.2014 | Business
Mary Buffett

In good times and bad, home ownership remained a safe bet even when the contours of life changed. Then everything went to hell.

An Energy Conference You Don't Want to Miss

Dominik Knoll | Posted 08.16.2014 | Business
Dominik Knoll

It passed some time since this year's CERAWeek 2014 kicked off in Houston, Texas from March third to seventh. This conference is, in my opinion, one of the best energy conferences I have attended (and I attended many over the last couple of years.)

New Fed Chairwoman Janet Yellen in Her Own Words

The Center for Public Integrity | Posted 03.08.2014 | Business
The Center for Public Integrity

By Alison Fitzgerald January 6, 2014 This story was originally published by The Center for Public Integrity, which is a nonprofit, nonpartisan inves...

Bernanke: Economy Is Far From Fully Recovered

Reuters | Alister Bull | Posted 11.20.2013 | Business

WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Tuesday the Fed will maintain ultra-easy U.S. monetary policy for as long as need...

The Emerging Markets' Summer Meltdown: Is It Ben Bernanke's Fault This Time?

Bhaskar Chakravorti | Posted 11.09.2013 | Business
Bhaskar Chakravorti

How are the trials and tribulations of the rupee, the Brazilian real, the Turkish lira, the South African rand and the Indonesian rupiah connected?

Will the Fed Kill the Recovery?

Robert Kuttner | Posted 11.08.2013 | Politics
Robert Kuttner

For decades, you could always count on the Federal Reserve to pull the plug on prosperity too soon, seeing ghosts of inflation everywhere. The Fed, responsive as it was to creditors, preferred a dose of recession to any sort of price pressures, especially wage increases. That changed with the regimes of Fed chairmen Alan Greenspan and Ben Bernanke. Greenspan was willing to keep interest rates low because the banks kept getting into difficulty after bouts of speculative excess in the 1980s and '90s and needed the cheap money to rebuild their balance sheets. The ultimate such collapse occurred just five years ago this week, when the crash of Lehman Brothers revealed the rot in the entire system, and one over-leveraged domino after another fell. The Fed, after a somewhat anomalous run as the engine of recovery, seems to be reverting to type. Trouble is, the economy won't cooperate with this scenario. Inflation is nowhere to be seen, and the recovery continues to be weak.

Fed Taper Talk Bursts Bubble

Dean Baker | Posted 11.03.2013 | Business
Dean Baker

The long and short is that the Fed did a really nice job in preemptively bursting a housing bubble before it grew large enough to do much damage. This may not have been its intention, but they deserve praise nonetheless.

Geithner Turned Obama Down For Fed Consideration: Report

Posted 08.02.2013 | Politics

President Barack Obama approached former Treasury Secretary Timothy Geithner about succeeding Ben Bernanke as chairman of the Federal Reserve, the New...

A Fragile Economy

Jerry Jasinowski | Posted 09.23.2013 | Business
Jerry Jasinowski

What is a business CEO or a market investor to make of these different images of the economy and the investment environment?

Breaking the Glass Ceiling at the Federal Reserve

Robert Kuttner | Posted 09.20.2013 | Politics
Robert Kuttner

Larry Summers is running hard to succeed Ben Bernanke as chairman of the Federal Reserve. This is a terrible idea. Once appointed chief of economic policy, Summers with Tim Geithner was a prime architect of propping up and bailing out the biggest banks, rather than cleaning them out and altering the conflicts of interest at the core of Wall Street's business model. Today, the banks are more highly concentrated, more profitable, and less in the business of financing the real economy than ever. This is Larry Summers' legacy. The prime alternative to Summers is Fed Vice Chair Janet Yellen, who is very much like Bernanke, only better. She has gone even further in expressing concern for the economy's persistent unemployment and in criticizing the bipartisan obsession with deficit reduction. Yellen deserves to be Fed chair purely on the merits. It pains me to write that if she gets the job, one other major contrast with Summers will weigh in her favor. She is female.

Sound Principles of Driving, Federal Reserve Edition

Mohamed A. El-Erian | Posted 09.16.2013 | Business
Mohamed A. El-Erian

A consequential challenge facing the Fed and the U.S. economy is the risk of a gradual decline in this powerful institution's policy responsiveness, adaptability and flexibility. It is likely that, at some stage within the next few years, the Fed will need to exit from its highly-experimental monetary policies. The hope is that it is able to do so in an orderly fashion because its key objective is attained -- namely, that of promoting high and sustained economic growth with low and stable inflation. The risk is that the collateral damage of policy experimentation overwhelms the benefits. Having succeeded in temporarily restoring calm to the markets after the May/June upheavals, Mr. Bernanke still faces the more difficult challenge of regaining policy flexibility for an institution that is central to the well-being of the U.S. and that of the global economy.

Gentle Ben Reminds Congress Just Who's Trying to Help the Economy and Who Isn't

Jared Bernstein | Posted 09.16.2013 | Business
Jared Bernstein

I quote the following at length because it's so logical and well said. And remember, he's saying this stuff in the House of Representatives, where logic has been on an extended vacation.

Ben Bernanke: Federal Reserve Not On A 'Preset Course'

Reuters | Posted 09.16.2013 | Business

WASHINGTON, July 17 (Reuters) - Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. central bank still expects to start scaling back it...

Bernanke: Economy Still Needs Fed's Stimulus

AP | By MARTIN CRUTSINGER | Posted 09.09.2013 | Business

WASHINGTON (AP) — Chairman Ben Bernanke said Wednesday that the U.S. economy still needs help from the Federal Reserve's low interest rate policies....

Some Fed Members Say Bond Tapering Could Happen Soon

AP | MARTIN CRUTSINGER and CHRISTOPHER S. RUGABER | Posted 09.09.2013 | Business

WASHINGTON — Federal Reserve officials seem far from a consensus on the question that's consumed investors for months: When will the Fed slow it...

How High Will Interest Rates Go?

Michael Pento | Posted 09.08.2013 | Business
Michael Pento

The Fed persists in sophomoric fashion to scold the market for misinterpreting its mixed messages about tapering the amount of asset purchases. But the big surprise for Mr. Bernanke and co. will be the realization that they have much less control of long term rates than they now believe.

Philippine Stocks Dip: Taming Irrational Exuberance

Richard Javad Heydarian | Posted 08.25.2013 | Business
Richard Javad Heydarian

Enjoying an upward trend in recent years, the Philippine Stock Exchange (PSE) has, in recent months, begun to display bubble-like properties, raising alarm bells among investors and market watchers.

By Pivoting Away From Stimulus, Is The Federal Reserve Making the Same Mistake as Congress?

Jared Bernstein | Posted 08.21.2013 | Business
Jared Bernstein

Ben Bernanke has been saying that the economy's getting a bit better, so interest rates are going up. And at some point, sooner than later, he and his buds at the Federal Reserve are going to start adding a bit less juice to the punch bowl. I don't really know what to make of the markets and I suspect they're just going to be volatile for a while. But it's the real economy I'm worried about, and I used to have a friend in Bernanke when it came to that. Now, I'm not so sure. Fed policy always has costs and benefits and deep monetary stimulus is no free lunch. But as long as the broader economy remains in the residual gravitational pull of the great recession, the benefits of the Fed's aggressive actions outweigh the costs. I get that they're planning their pivot, which isn't the same as pivoting. But they're doing so too soon.

Fed Driven

Michael Farr | Posted 06.20.2013 | Business
Michael Farr

As the government's role as economic hall monitor is debated and global markets and foreign economies adjust to their own challenges, our focus is on investing in the old-fashioned companies with strong balance sheets, increasing earnings, strong cash flow, and seasoned management teams.

Did Bernanke Change His Tune?

Harlan Green | Posted 08.20.2013 | Business
Harlan Green

Fed Chairman Bernanke seems to have abruptly switched sides in the stimulus debate. He said the purchases of bonds and mortgage securities could begin to be 'tapered' by the end of the year, if unemployment continues to fall. So why is Bernanke suddenly so optimistic about growth?

Bernanke: Fed Could Reduce Stimulus Later This Year

AP | MARTIN CRUTSINGER | Posted 08.19.2013 | Business

WASHINGTON — In a move that could send interest rates higher, Fed Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Feder...

Fed Expects Unemployment Rate To Fall

AP | CHRISTOPHER S. RUGABER | Posted 08.19.2013 | Business

WASHINGTON — The Federal Reserve sketched a slightly brighter picture of the U.S. economy this year and next, a sign it is moving closer to slow...

Obama: Bernanke Has 'Stayed A Lot Longer' Than He Wanted

Reuters | Posted 08.18.2013 | Business

By Steve Holland WASHINGTON, June 17 (Reuters) - President Barack Obama hinted in an interview aired on Monday that he...

Low Interest Rate Addictions

Michael Pento | Posted 08.03.2013 | Business
Michael Pento

Central banks have created the illusion of growth that is based upon re-inflating asset prices. And, it is also predicated on their ability to suppress interest rates. However, record debt levels and central bank inflation targets are a deadly combination

Bernanke Talks Forrest Gump, His Future In Commencement Speech

AP | MARTIN CRUTSINGER | Posted 08.02.2013 | Business

WASHINGTON -- Ben Bernanke gave the graduating class of Princeton University one of the more unusual speeches for a Federal Reserve chairman: He quote...