Putin is trying to rebuild Soviet Union, former Fed Chairman Alan Greenspan tells CNBC.» Read More
Alan Greenspan, former Federal Reserve chairman, and "The Map and the Territory," author, shares his thoughts on how human nature influences economics.
CNBC's Steve Liesman analyzes former Fed chief Alan Greenspan's recent comments that the "system is broken." Greenspan is scheduled for a "Squawk Box" interview Wednesday morning, October 23.
The award this year went to Eugene Fama, Robert Shiller and Lars Hansen, leading to much hand wringing over the apparent conflicts between the work of Fama and Shiller. That said, there is much of use in both men's work, and employing a strategy often used by Nassim Nicholas Taleb, perhaps we can boil it down to the following rules of thumb:.
WASHINGTON, Oct 9- Ben Bernanke spent his whole life training for the job of Fed chairman- even if he didn't know it at the time. "Once Ben spotted the crisis, I think he saved the world," said David Blanchflower, a former official at the Bank of England who is now a professor at Dartmouth College.
*Expected to win Senate approval despite some Republican qualms. WASHINGTON, Oct 9- Federal Reserve Vice Chair Janet Yellen, President Barack Obama's pick to lead the U.S. central bank, said on Wednesday that strengthening the economic recovery and boosting employment would be priorities if she is confirmed as Fed leader.
*Expected to win Senate approval despite some Republican qualms. President Barack Obama will nominate Federal Reserve Vice Chair Janet Yellen on Wednesday to run the world's most influential central bank, providing some relief to markets that would expect her to tread carefully in winding down economic stimulus.
*Seen winning Senate backing despite some Republican qualms. President Barack Obama will nominate Fed number two Janet Yellen on Wednesday to run the world's most influential central bank, providing some relief to markets that would expect her to tread carefully in winding down economic stimulus.
WASHINGTON, Oct 8- President Barack Obama will nominate Federal Reserve Vice Chair Janet Yellen to be the next head of the U.S. central bank on Wednesday, putting her on course to be the first woman to lead the institution in its 100- year history. You don't want a change at the central bank right now, "said Dan Fuss, a portfolio manager at Loomis Sayles in Boston.
SAN FRANCISCO, Oct 8- Janet Yellen, President Barack Obama's pick to lead the Federal Reserve, combines a solid reputation as an economist with a keen interest in communication- fitting for someone who once joked that her dinner guests should expect a discussion of economics.
WASHINGTON, Oct 8- President Barack Obama will announce his intent to nominate Federal Reserve Vice Chairwoman Janet Yellen to be the next head of the U.S. central bank on Wednesday, a White House official said on Tuesday. If confirmed by the U.S. Senate, Yellen would replace Ben Bernanke, whose current term as head of the Fed ends in January.
In 2011, debate raged in the markets over whether the Fed would embark on a third round of massive bond purchases. Pimco wasn't waiting to find out.
Obama is expected to announce his decision in coming weeks and a White House official has said Yellen, 67, the Fed's vice chair, is the leading choice to succeed Fed Chairman Ben Bernanke when his term expires in January.
WASHINGTON, Sept 19- For a central bank that prides itself on transparent communications, the U.S. The possibility of a trim to the Fed's $85 billion monthly pace of bond purchases in September had been pretty widely telegraphed by officials. "Credibility requires consistency," said Michael Cloherty, head of U.S. rates strategy at RBC Capital Markets.
SAN FRANCISCO, Sept 16- Federal Reserve Vice Chair Janet Yellen surged to the top of the betting boards as the most likely pick to succeed Ben Bernanke as chairman of the Fed on Monday after former U.S. A day after Summers bowed out, Irish bookmaker Paddy Power was offering odds of 1/ 7 for Yellen.
WASHINGTON, Sept 15- Lawrence Summers, a former top economic aide to President Barack Obama and a Treasury secretary under President Bill Clinton, withdrew his name from consideration to succeed Ben Bernanke as Federal Reserve chairman on Sunday. Summers' decision to drop out appears to make Fed Vice Chair Janet Yellen a strong contender for the job.
This year's yield spike reminds a lot of investors of 1994. But here's why this time is different.
President Obama pushed back against criticism of his former economic adviser Lawrence Summers, who is seen as a leading candidate to become the new chairman of the Federal Reserve.
The Fed’s communications strategy should make markets less erratic, but with investors hanging on every word, volatility seems to have grown worse. The NYT reports.
CNBC's Steve Liesman & Rick Santelli look at the economic data leading into the week. The CNBC Fed flash poll: When is QE likely to taper? With Ben White, Politico; Dan Colarusso, Reuters; and Joe Weisenthal, Business Insider.
While the end of easy monetary policy has been cast as the great enemy of stocks, for some tapering can't happen soon enough.