May 21- Federal Reserve Chairman Ben Bernanke is an optimist about economic growth in the coming decades, rejecting "depressing" views about a slowdown to put his faith in collaborative innovation driven by a jackpot culture for inventors. Bernanke, speaking last weekend to graduates at Bard College at Simon's Rock, in Massachusetts, was having nothing of it.
TORONTO, May 2- It's looking like an unsettling spring in Canadian housing, a market that has proven far more even-keeled and less scary for investors in recent years than in the United States.
TORONTO, May 2- It's looking like an unsettling spring in Canadian housing, a market that has proven far more even-keeled and less scary for investors in recent years than in the United States.
Federal Reserve Chairman Ben Bernanke will miss the annual Jackson Hole monetary policy symposium this year due to a scheduling conflict, skipping the prestigious event for the first time since taking the helm of the central bank in 2006..
TOKYO/ FRANKFURT, April 18- It is your first day as the new U.S. But playing it could make Ben Bernanke and his global counterparts long for simpler times. "There was a time, not too long ago, when central banking was considered to be a rather boring and unexciting occupation," European Central Bank President Mario Draghi said this week.
NEW YORK, April 11- With the Dow hitting so many fresh highs of late, some investors may be dusting off the 1999 bestseller "Dow 36,000," a book that briefly made "irrational exuberance" seem quite rational.
The stock market is significantly undervalued by historical calculation, said Alan Greenspan, former chairman of the Federal Reserve. "The reason why the stock market has not been significantly higher is there are other factors compressing it lower. But irrational exuberance is the last term I would use to characterize what is going on at the moment."
SAN FRANCISCO, March 12- With the U.S. jobs market showing signs of healing, economists think they know what's next for monetary policy: the Federal Reserve will at some point taper its monthly bond purchases, and soon after, end them altogether.
Jan 2- Short term movements in the stock market don't tell you much, and one of the main things they don't tell you is how to make public policy. The idea that a given policy can be justified by its impact on the stock market, or that movements on the stock market in and of themselves call for public policy is one of the great fallacies of our time.
NEW YORK, Dec 20- A subtle shift in monetary policymaking is afoot with a new generation of central bankers, striving to secure global economic recovery, prepared to challenge the old doctrine of inflation-fighting at all costs.