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Is growth among privately held construction firms peaking?

Mary Ellen Biery | Posted 11.23.2013 | Small Business
Mary Ellen Biery

Residential builders and remodelers make up one of the fastest-growing groups of privately held companies, according to industry data from Sageworks, ...

The Federal Reserve Has Lost Credibility And Hurt The Economy

The Huffington Post | Mark Gongloff | Posted 09.20.2013 | Business

Wall Street's big controversy today is whether the Federal Reserve lost credibility when it decided to keep flooring the economy's accelerator, after ...

Global Markets Are Not Prepared for the German Election

Gemma Godfrey | Posted 11.20.2013 | Business
Gemma Godfrey

Investors are expecting an eventual reduction of support by the Fed, and Merkel winning the election this weekend. However, what stock markets have not priced in is the resurgence of Eurozone troubles into the headlines. So what are the options, why is this important and how will this effect markets?

Good for Them! Fed Delays the Taper

Jared Bernstein | Posted 11.18.2013 | Business
Jared Bernstein

Not tapering yet won't make things much better more quickly, but they'll keep them from getting worse.

Fed To Stick With Stimulus For Now

Reuters | Pedro da Costa and Alister Bull | Posted 09.18.2013 | Business

WASHINGTON, Sept 18 (Reuters) - The U.S. Federal Reserve said on Wednesday that it would continue buying bonds at an $85 billion monthly pace for now,...

8 Eerie Parallels Between Ben Bernanke And Walter White

The Huffington Post | Mark Gongloff | Posted 09.18.2013 | Business

Five years ago, two middle-aged nerds launched risky ventures that spun out of their control. Both are now trying to end those ventures cleanly, while...

4 Reasons Janet Yellen Should Be Fed Chair

The Huffington Post | Mark Gongloff | Posted 09.16.2013 | Business

Like most Americans, you probably have no idea who Janet Yellen is, and you probably don't care. But she might soon be -- or at least should be --...

Summers Withdraws From Consideration for Fed Post -- So... What Do We Want From the Next Fed Chair?

Jared Bernstein | Posted 11.15.2013 | Business
Jared Bernstein

As I said all along, we have had two strong candidates. Let's hope the president now turns to Janet Yellen, who I believe would make an excellent Fed chairperson.

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.

New Homes Bigger Than EVER

The Huffington Post | Mark Gongloff | Posted 08.27.2013 | Business

The housing bubble is back, baby! At least for the rich, anyway -- another sign of how Fed policies have most directly helped the wealthy by pumping u...

Why Is the White House Selling Us Out on the Next Fed Chair?

Sanjay Sanghoee | Posted 10.26.2013 | Politics
Sanjay Sanghoee

An even bigger problem though is that by focusing so heavily on Summers, the president has inadvertently narrowed the field down to only two candidates: Larry Summers and Janet Yellen.

Why the Fed Fears Higher Mortgage Rates

Peter G. Miller | Posted 10.21.2013 | Business
Peter G. Miller

Just the thought of reduced Fed purchases has caused investors to shiver, interest rates to rise and bond prices to fall. So, to an extent, the marketplace has already anticipated some reduction in Fed purchases.

The Banksters Master Irony: Push Summers & Geithner for Fed Due to Their Regulatory Zeal

William K. Black | Posted 10.21.2013 | Business
William K. Black

Many people make the error of believing that the banksters are dull, humorless stiffs in gray suits. Many banksters have a finely developed sense of irony and utter contempt for financial reporters' intelligence and independence.

Columnist: Protestants Are Way Worse At Monetary Policy Than Jews And Catholics

The Huffington Post | Mark Gongloff | Posted 08.16.2013 | Business

The only thing wrong with our non-stop arguments about Federal Reserve policy is that they're not quite hateful enough. Fortunately, somebody has brou...

Zach Carter

Obama: Larry Summers Would Make Excellent Fed Chair | Zach Carter | Posted 08.09.2013 | Politics

WASHINGTON -- President Barack Obama on Friday pushed back against rumors that his former economic adviser Larry Summers has "the inside track" among ...

Mark Gongloff

Oh, No... | Mark Gongloff | Posted 08.02.2013 | Business

So, this happened: Geithner said to advise President Obama on choice for next Fed Chairman— Bloomberg News (@BloombergNews) August 2, 2013 B...

Mark Gongloff

Larry Summers Is Also Lousy At Crisis Management | Mark Gongloff | Posted 08.02.2013 | Business

In answer to the question, "Why on earth should Larry Summers be chairman of the Federal Reserve?" his supporters usually allege that he is great in a crisis. Whether you believe that depends on your definition of "great." In fact, there is plenty of evidence that Larry Summers is actually kind of terrible in a crisis.

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...

There's Something About Larry (Summers)

Seriously Skewed | Posted 10.01.2013 | Comedy
Seriously Skewed

Little about Washington surprises me, but one thing I could not figure out is why President Obama wants Larry Summers as Fed Chair when Summers is the worst possible candidate for the job, except maybe for Alan Greenspan?

Larry's Conflicts

Harry R. Lewis | Posted 09.30.2013 | Politics
Harry R. Lewis

Summers should not be given another role in which his self-importance can threaten the welfare of the people he should be serving. He has proved too many times that he cannot stop playing to win the smartness game, no matter how great the risk of collateral damage.

Mark Gongloff

Financial Crisis May Have Cost More Than $14 Trillion | Mark Gongloff | Posted 07.31.2013 | Business

The financial crisis likely cost at least a year's worth of U.S. economic output, a new Fed study finds. Worse, it's hurting the economy even now and ...

Mark Gongloff

Yet Another Reason To Make Janet Yellen The Fed Chair | Mark Gongloff | Posted 07.29.2013 | Business

The smartest person at the Federal Reserve might not end up running the place. Fed Vice Chairman Janet Yellen has done a better job of predicting t...

Why Robert Reich Should Be the Next Fed Chair

Sanjay Sanghoee | Posted 09.27.2013 | Business
Sanjay Sanghoee

On Saturday, President Obama stated that he wants the next chairman of the Federal Reserve to not just be an economic wonk but to actively promote policies that will advance the welfare of ordinary citizens. He may as well have described the resume of Robert Reich.

Mark Gongloff

It's Official: Wall Street Hates Larry Summers, Too | Mark Gongloff | Posted 07.26.2013 | Business

Wall Street has spoken: It would rather President Barack Obama pick Janet Yellen than Larry Summers to be the next Federal Reserve chair. In fact, it ...

Summers Or Yellen? Don't Hold Your Breath

AP/The Huffington Post | By JULIE PACE | Posted 09.25.2013 | Politics

WASHINGTON (AP) — The White House says President Barack Obama is not expected to name a new chairman of the Federal Reserve until the fall, lowering...