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Fed

Bernanke: Fed Can't Save Economy From Fiscal Cliff

The Huffington Post | Mark Gongloff | Posted 12.12.2012 | Business

If the U.S. economy goes over the fiscal cliff, there's really nothing the Federal Reserve can do to help. Fed Chairman Ben Bernanke repeated that ...

The Secret Rulers Of The World

The Huffington Post | Mark Gongloff | Posted 12.12.2012 | Business

Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...

This Guy Is Our Only Hope

The Huffington Post | Mark Gongloff | Posted 11.29.2012 | Business

Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...

Zach Carter

Fiscal Cliff Primer: Can America Default On Its Debt?

HuffingtonPost.com | Zach Carter | Posted 11.21.2012 | Politics

No.* *We explain in the video above....

Ben Bernanke for Treasury Secretary

Robert Kuttner | Posted 01.18.2013 | Politics
Robert Kuttner

Why Bernanke to succeed Tim Geithner? He is probably the most influential and credible person in official Washington who is not part of the echo chamber on deficit reduction, and a Treasury secretary concerned more about recovery than austerity is just what Obama needs. And because the Fed, almost by definition, is assumed to be conservative, Bernanke would provide some cover for an expansionary program. I can think of people who'd be even better than Bernanke but I can't think of anyone as good who stands a prayer of being nominated. It's nothing short of weird when the most reliable progressive in town around turns out to be the chairman of the Federal Reserve. But such are the reactionary times in which we live.

Thought Of Bernanke Exit Sparks Worst Stock Selloff Since June

The Huffington Post | Mark Gongloff | Posted 10.23.2012 | Business

The stock market is freaking out like Bill Paxton's panicky marine in "Aliens," yelling "Game over, man! Game over!" All because it's afraid of losing...

Top Fed Official: We Haven't Done Enough

The Huffington Post | Mark Gongloff | Posted 10.16.2012 | Business

Thing One: When Doves Cry: Ron Paul and Rick Perry may not like Ben Bernanke's Federal Reserve, but they should thank their big, bright Texas stars th...

Jamie Dimon Just Earned Another Pair Of Cufflinks

The Huffington Post | Mark Gongloff | Posted 10.12.2012 | Business

Ben Bernanke just can not stop rescuing banks. He's like a chocoholic, except for alcohol rescuing banks. Friday morning brought another example, w...

Money Printing Trumps Fundamentals

Michael Pento | Posted 12.09.2012 | Business
Michael Pento

Stock markets around the world continue to levitate despite the fact that the fundamentals behind the global economy continue to deteriorate. But that weak and worsening economic data didn't stop investors from sending stocks higher.

Central Banks Have Made Their Moves -- What's Next?

Jay Pelosky | Posted 11.27.2012 | Business
Jay Pelosky

Is it possible that policy makers and investors have already enjoyed all the good news and rising prices they are going to get from recent Central Bank action?

Creating Another Bubble

Jerry Jasinowski | Posted 11.14.2012 | Business
Jerry Jasinowski

Right now quantitative easing is masking the true cost of the deficit, and even worse puts the Fed in the political role of making fiscal policy.

When Will Central Bankers and Politicians Learn: Stock Markets Have Nothing to Do With Prosperity on Main Street

Mitch Feierstein | Posted 11.13.2012 | Business
Mitch Feierstein

In truth, the lessons aren't difficult to see. We need sound money and an end to financial engineering.

Ben Bernanke May Throw Money Out A Window

The Huffington Post | Mark Gongloff | Posted 09.13.2012 | Business

Thing One: The Money Train's A-Comin: Yesterday bank robbers fleeing through Los Angeles threw wads of money out of the windows of their getaway car, ...

What August's Jobs Report Tells Us

Mohamed A. El-Erian | Posted 11.07.2012 | Business
Mohamed A. El-Erian

Notwithstanding citizens dropping out of the labor force, 5 million Americans were classified in August as "long-term unemployed." Meanwhile, teenage joblessness rose to over 24% -- an alarming level given the risk that out of work youth face in going from being unemployed to being unemployable. As hard as Ben Bernanke and his Fed colleagues try -- and they have been trying very hard, taking monetary policy ever deeper into unfamiliar/experimental territory -- the institution does not have the proper tools to deal with our unemployment crisis. The bottom line is a simple one. It should concern us all as citizens and parents. And it is worth repeating over and over again: If Congress is not careful, these trends will further increase an already-material risk that, for the first time in a very long time, our children's generation may be worse off than that of their parents.

Paul Ryan Shoots Down Idea For Economic Jolt

Reuters | Posted 11.07.2012 | Politics

WASHINGTON, Sept 7 (Reuters) - Republican vice presidential nominee Paul Ryan said on Friday that another round of monetary stimulus...

Banking Blues

Jerry Jasinowski | Posted 11.05.2012 | Business
Jerry Jasinowski

Ben Bernanke should spend less time figuring out ways to make more money available to the banks, and more time figuring out ways to get the banks to move the money along.

Ben "I've-Still-Got-Bullets" Bernanke Speaks!

Jared Bernstein | Posted 10.31.2012 | Business
Jared Bernstein

Ben Bernanke gave a good talk today -- worth reading if you're up for slogging through such things -- wherein he stressed the benefits and costs of all the stuff the Fed can do to help boost the economy when their main tool -- the federal funds rate -- is stuck at zero.

Mark Gongloff

Bernanke Gears Up For More Stimulus

HuffingtonPost.com | Mark Gongloff | Posted 10.31.2012 | Business

The job market is still in horrible shape, and the Fed will probably, finally, do something about it very soon. In a highly anticipated speech at J...

All Eyes On Jackson Hole

The Huffington Post | Jillian Berman | Posted 08.31.2012 | Business

Mark Gongloff is off the newsletter this morning, so today's 7.5 Things are brought to you by Jillian Berman. Thing One: All Eyes On Jackson Hole: ...

The Marketplace Versus Westphalia

Edward Goldberg | Posted 10.13.2012 | Business
Edward Goldberg

Relying on the Fed to safeguard the United States from a global economic crisis during an election year is politically convenient. But it is harmful to our concept of democracy.

Market Continues to "Melt Up" on Talk of Open-Ended QE

Michael Farr | Posted 08.08.2012 | Business
Michael Farr

Stocks are sharply higher thanks mainly to comments by Boston Fed President Eric Rosengren.

Mark Gongloff

Bernanke Passes The Buck On Rate Scandal

HuffingtonPost.com | Mark Gongloff | Posted 07.17.2012 | Business

The Fed's strategy in dealing with the Libor scandal is clear: Pass the buck early and often. Federal Reserve Chairman Ben Bernanke followed that p...

Mark Gongloff

WEAK: Fed Does Absolute Bare Minimum For Economy

HuffingtonPost.com | Mark Gongloff | Posted 06.20.2012 | Business

The Federal Reserve is failing to achieve both of its legally mandated goals, full employment and stable prices. And yet it chose on Wednesday to do t...

Simple Math Says Europe Is Bankrupt

Mitch Feierstein | Posted 08.14.2012 | Business
Mitch Feierstein

There's a lot of talk about Europe at the moment, but it's kind of the way you talk about flooding when the waters don't reach your house. Sure, it must be real tough for the poor saps whose couches are bobbing around in their living rooms -- but meantime, what's for dinner?

Crowd-Source the Federal Reserve Bank Boards

Jonathan Reiss | Posted 08.14.2012 | Business
Jonathan Reiss

It's time for the Federal Reserve Banks to replace the old boy networks with computer networks. Their boards are supposed to have representatives of the public and specifically of consumers and labor but they complain they can't find many. Crowd-sourcing can address this problem.