Markets tend to slide when a new Fed chair takes over. Coincidence ... or curse?» Read More
LONDON, Nov 20- Federal Reserve Chairman Ben Bernanke, who has steered the U.S. economy through the worst financial crisis and recession in many generations, has received a glowing review from economists for his overall performance two months before he steps down.
LONDON, Nov 17- For all the fevered speculation about when the Federal Reserve will begin scaling back its monetary stimulus, market volatility has been taking a leisurely nap, suggesting investors see no major shocks on the horizon to derail their bets.
Nominated by President Barack Obama to succeed Fed Chairman Ben Bernanke when his term expires in January, Yellen will have to endure plenty of heated anti-Fed rhetoric from Republicans on Thursday, when she appears before the Senate Banking Committee.
Nov 1- Sandra Pianalto, a quietly ardent supporter of Federal Reserve Chairman Ben Bernanke, turned some heads this month when she came out against the central bank's recent decision to keep pumping so much money into the U.S. economy.
Oct 23- Alan Greenspan says stocks are heading higher. Margin debt is at an all-time nominal high with investors borrowing another 5 percent against their brokerage accounts last month alone.
Alan Greenspan, former Federal Reserve chairman, and "The Map and the Territory," author, shares his thoughts on Janet Yellen, President Obama's nominee for the next Fed chair.
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.