-
Where Are They Now? A Review Of Every Time Person Of The Year This Decade
Wednesday, December 11, 2019 - 5:04pm | 769Every year, Time recognizes one person, group of people or an inanimate object that influenced the course of the year, for better or worse. Someone has filled each slot since 1927. This year, teen climate activist Greta Thunberg joined a list that includes Bill Gates, the computer, Richard...
-
Paul Volcker, Federal Reserve Chair From 1979-1987, Dies At 92
Monday, December 9, 2019 - 11:05am | 420Paul Volcker, former Federal Reserve chairman who curbed a decade of high inflation and tightened the reins on commercial banks after the 2008 financial collapse, died Monday at 92. Volcker got his start in the Treasury Department during the Kennedy, Johnson and Nixon administrations. There, he...
-
Former Federal Reserve Chairs Pen Op-Ed: 'America Needs An Independent Fed'
Tuesday, August 6, 2019 - 9:26am | 345A handful of former Federal Reserve leaders deplored the central bank's current leadership to act independently and implement policies in the best interests of the economy. What Happened Former Fed leaders Paul Volcker, Alan Greenspan, Ben Bernanke and Janet Yellen wrote in a Wall Street...
-
Fed Chair Powell: 'We Will Be Patient'
Friday, January 4, 2019 - 2:57pm | 591The S&P 500 surged more than 3 percent Friday, and much of the bullish sentiment stemmed from dovish comments made by Federal Reserve Chair Jerome Powell. Powell and former Fed Chairs Janet Yellen and Ben Bernanke participated in a roundtable discussion at the America Economic Association...
-
A Look At The Legacy Of Fed's Janet Yellen During What May Be Her Final Jackson Hole Meeting
Sunday, August 27, 2017 - 8:46pm | 1513All roads led to Jackson Hole, Wyoming, this weekend, as central bankers, chief executives of banks, finance ministers, U.S. government representatives and academics all converged at this scenic location to air their views, both formally and informally, on various economic issues. This two-day...
-
Trump Warming Up To Yellen? Economists See High Odds Of Her Renomination
Thursday, June 15, 2017 - 12:11pm | 648As the din on the fourth interest rate hike in the current normalization cycle settles down, the focus shifts to whether the Federal Reserve will have a change of guard at the helm when the incumbent Janet Yellen completes her term on February 3, 2018. Keen On Serving Out The Full Term At the...
-
Fed Facts: What Is The Federal Reserve's Balance Sheet, And Why Does It Need To Shrink?
Wednesday, May 31, 2017 - 9:16am | 706In the Federal Reserve's current tightening campaign, the Federal Open Market Committee has looked into shrinking the central bank’s balance sheet. The median dealer expects the FOMC to allow the balance sheet to begin shrinking in the second quarter of 2018, according to the March survey...
-
What Does Crude Oil Back Under $50/Barrel Mean For Equities Investors?
Tuesday, March 21, 2017 - 12:17pm | 509The S&P 500 has continued to push higher in the past month, but oil investors aren’t enjoying the Trump Rally as much as anticipated. Following OPEC’s historic production cut agreement back in November, WTI crude oil prices surged from around $45/bbl to above $50/bbl in a matter of...
-
15 Things We'll Miss About The Obama Administration
Thursday, January 19, 2017 - 12:56pm | 537Barack Obama, the 44th president of the United States, will hand over the reins to Donald Trump on Friday. 15 Things We'll Miss Though one may not entirely agree with all the policies of Obama, here are the few things we’ll miss about the Obama administration: Obama entered office during the...
-
Ben Bernanke Highlights The Indicator That Shows U.S. Economic Growth Is Slowing
Monday, October 24, 2016 - 10:17am | 483Former Federal Reserve Chairman Ben Bernanke and economist Peter Olson co-wrote an op-ed for the Brookings Institute titled "Are Americans better off than they were a decade or two ago?" For starters, a report by the Bureau of the Census showed that real median household income rose by 5.2 percent...
-
Journalist Marty Crutsinger Looks Back On 32 Years Of Intense Pressure On Fed Chairs
Thursday, September 22, 2016 - 2:05pm | 449There’s no question that Federal Reserve Chair Janet Yellen is under a huge amount of pressure to determine the right time to raise interest rates following the worst U.S. recession since the Great Depression. Raising interest rates too quickly could derail the economy’s fragile...
-
'Helicopter Money' Is On Its Way To Japan... Or Is It?
Thursday, July 14, 2016 - 10:46am | 258According to Bloomberg, there is close to $10 trillion worth of bonds yielding less than zero and more than $6 trillion of the total is Japanese government debt. Meanwhile, Japan's Prime Minister Shinzo Abe was told by an adviser Etsuro Honda that "now is the time to introduce helicopter money." "...
-
The 'Fab Four' Economic Meeting Is Thursday: What To Know
Thursday, April 7, 2016 - 3:30pm | 594For the first time ever, the four living U.S. Federal Reserve Chairs, Janet Yellen, Ben Bernanke, Alan Greenspan and Paul Volcker, will be appearing together onstage at an event hosted by the International House. The world will be watching closely to see what these economic leaders have to say...
-
Bernanke Questions China's Transparency
Tuesday, March 8, 2016 - 3:01pm | 395In a new blog post, former Fed Chair Ben Bernanke discussed China’s efforts to expand the transparency of its economics. Bernanke complemented the emerging market leaders on their increasingly clear explanations of their major policy initiatives. However, Bernanke sees two areas in which...
-
Ben Bernanke Explains The Importance Of Credit
Monday, December 14, 2015 - 2:29pm | 295Ben Bernanke was a guest on this past Sunday’s Wall Street Week. The former Federal Reserve chairman went into several issues, including his long-term outlook for interest rates, the evolving role of the Fed and personal musings. Of particular interest were his tidbits of wisdom regarding...