InformedTrades (Free subscription) | 03/01/2009
Federal Reserve Chairman Ben Bernanke and Federal Deposit Insurance Corp. Chair Sheila Bair are tentatively scheduled to appear next Wednesday before...
Real Time Economics (Free subscription) | 03/01/2009
Federal Reserve Chairman Ben Bernanke and Federal Deposit Insurance Corp. Chair Sheila Bair are tentatively scheduled to appear next Wednesday before a U.S. House panel on the $700 billion rescue plan, people familiar with the matter said Friday. The House Financial Services Committee will hold a Jan. 7 meeting to discuss how President-elect Barack Obama ’s administration should use the second...
Houston Chronicle (Free subscription) | 06/01/2009
Documents released today provided insights into the Fed’s historic decision to ratchet down its rate from 1 percent to near zero at its Dec. 15-16 meeting. In the first action of its kind in the Fed’s 95-year history, Fed Chairman Ben Bernanke and his colleagues created a target range for its rate, putting it at zero to 0.25 percent.
Asia Times (Free subscription) | 06/01/2009
US Federal Reserve chairman Ben Bernanke's public statements make clear his reluctance to ask what has brought the US economy to its present dismal state. An unequivocal answer would be the Fed's own misguided and aggressive monetary policy. - Hossein Askari and Noureddine Krichene
Reuters (Free subscription) | 6 hours ago
A CNBC reporter gave more details on the interview, saying that Obama "signaled" that he was leaning against repealing President George W. Bush's tax cuts. The reporter said Obama declined to comment on whether Larry Summers would be tapped to replace Federal Reserve Chairman Ben Bernanke when Bernanke's term ends in January 2010.
Contrarian Musings (Free subscription) | 06/01/2009
... on global imbalances. Specifically, he repeated a storyline popularized by Alan Greenspan and Ben Bernanke: that a global savings glut (otherwise known as an imbalance) pushed interest rates down around the world and drove investors toward riskier and more leveraged investment activities. If we live in a global economy, and I think everyone would agree that we do, don’t some of the planet’s...
David Kirkpatrick (Free subscription) | 5 hours ago
... its Dec. 15-16 meeting. In the first action of its kind in the Fed’s 95-year history, Fed Chairman Ben Bernanke and his colleagues created a target range for its rate, putting it at zero to 0.25 percent. Despite the aggressive action, “the economic outlook would remain weak for a time and the downside risks to economic activity would be substantial,” according to the Fed document.
New York Times (Free subscription) | yesterday
It’s fine to expatiate on the hopelessness of trying to tame Wall Street, but Barack Obama and Ben Bernanke and Timothy Geithner and Christopher Dodd and Barney Frank have a job to do. No one in Washington is talking about utopian solutions, or looking for ways to change human nature. They are simply trying to get the economy up and running again, as well as trying to correct the mistakes that...
Nevada Thunder (Free subscription) | yesterday
... providing banks with more liquidity, which would have prevented a sharp fall in the money supply. Ben Bernanke, the Federal Reserve chairman, famously apologized to Friedman on his institution’s behalf: “You’re right. We did it. We’re very sorry. But thanks to you, we won’t do it again.” It turns out, however, that preventing depressions isn’t that easy after all. Under Mr. Bernanke’s...
Shining Light In Dark Corners (Free subscription) | yesterday
... providing banks with more liquidity, which would have prevented a sharp fall in the money supply . Ben Bernanke , the Federal Reserve chairman, famously apologized to Friedman on his institution's behalf: "You're right. We did it. We're very sorry. But thanks to you, we won't do it again." It turns out, however, that preventing depressions isn't that easy after all. Under Mr. Bernanke's...
My-Mortgage.org (Free subscription) | yesterday
... increasing of rates since June 2004, and recent statements by new Federal Reserve Chairman Ben Bernanke, have created a unique opportunity for consumers. Normally, the difference between rates for fixed and adjustable rate mortgages can be more than 1%, with the ARMs having the lower rate, but now, for most consumers, the rate is almost the same on both. Practical Mortgage Advice For Borrowers...
Financial Time (Free subscription) | yesterday
... transmission mechanisms is so severe that the authorities have, in the words of Fed chairman Ben Bernanke, to sidestep the banking system. This involves their becoming directly involved in markets and in institutions deemed of systemic importance. And increasingly, Fed action is part of a broader government response that does, and should, combine the resources of multiple agencies.Investors...
Consumerism Commentary (Free subscription) | yesterday
... Commentary: A Personal Finance Blog: Obama Proposes Second Economic Stimulus Package : ... Ben Bernanke Agrees With Congress: Second Economic Stimulus Package Would Help : ... Barack Obama is Increasing Your Paycheck : ... Filing Your 2008 Taxes With the Economic Stimulus (Recovery Rebate Credit) : ... 1,500 Economic Stimulus Payments Sent To Wrong Accounts : ...
Financial Time (Free subscription) | 05/01/2009
When Ben Bernanke, US Federal Reserve chairman, and Hank Paulson, Treasury secretary, went to leaders of Congress on September 18 to ask for a $700bn bail-out fund, Mr...
Alternet (Free subscription) | yesterday
... providing banks with more liquidity, which would have prevented a sharp fall in the money supply. Ben Bernanke, the Federal Reserve chairman, famously apologized to Friedman on his institution’s behalf: “You’re right. We did it. We’re very sorry. But thanks to you, we won’t do it again.”It turns out, however, that preventing depressions isn’t that easy after all. Under Mr. Bernanke’s...
