fed chairman ben bernanke
The recent conclave of the Fed's FOMC (Federal Open Market Committee) that met and rendered a decision has sent the Dow Jones
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.
Why the debate over who should be the next Federal Reserve Chairman? There is a tug of war going on between inflation 'doves' and 'hawks' within the Fed. And that debate really has little to do with who will succeed Fed Chairman Bernanke next year.
In a world where D.C. politics have ground to a dysfunctional halt, where the Euro continues to struggle on the precipice of failure, and where the growth rate of China is grinding downward, the head of the Fed has become a figure of global importance.
The public airing of the Summers-versus-Yellen debate has made the selection more controversial. Summers, who served as President
The surge in interest rates took the yield on the 10-year Treasury note from about 1.6 percent to about 2.7 percent, the
Calculated Risk and many others have noted a significant portion of the decline in the unemployment rate from 10.0 percent
Bernanke still sees many weaknesses in the economy, however -- including the damage he has done by roiling financial markets
Dear Federal Reserve Governors; Please don't mess with QE3 just yet! Not in September, or even December. There are still