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Ben Bernanke

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  • Final decisions are not imminent in the efforts to find successors to Philadelphia Fed President Charles Plosser, who steps down March 1, and Richard Fisher of the Dallas Fed, who retires on March 19. James McAndrews, who heads up research at the neighboring New York Fed, was considered for the job in Philadelphia, where he once worked. Regular golfing partners,...

  • WASHINGTON— The Federal Reserve ended 2014 with a pledge to be "patient" in raising interest rates from record lows. Chalk it up to plunging oil prices and a surging dollar, which makes foreign goods cheaper in the United States. Complicating the Fed's timetable is the European Central Bank's just-announced plan to pump 1 trillion-plus euros into its ailing...

  • LONDON, Jan 21- The Swiss currency shock has raised an awkward question many investors have been fearful of asking- what if central banks become as unpredictable and fallible as they are powerful? The Swiss National Bank's sudden decision to abandon its three-year-old cap on the franc- the "cornerstone" of its monetary policy just three days before- led to the...

  • Markets are waiting to see just how much financial firepower the European Central Bank will unleash Thursday, when it is expected to announce large-scale purchases of government bonds with newly printed money to stimulate a sluggish economy. Federal Reserve— as well as the Bank of England and the Bank of Japan. Europe could definitely use a push.

  • NEW YORK, Dec 18- Pacific Investment Management Co expects global growth to accelerate in 2015 to around 2.75 percent from around plus 2.5 percent this year, on expectations that supply-driven declines in oil prices were fundamentally positive, the bond giant said on Thursday in its year-end Cyclical Forum outlook report. Pimco said its view that the outlook...

  • NEW YORK, Dec 18- Pacific Investment Management Co expects global growth to accelerate in 2015 to around 2.75 percent from around plus 2.5 percent this year, on expectations that supply-driven declines in oil prices were fundamentally positive, the bond giant said on Thursday in its year-end Cyclical Forum outlook report. Pimco said its view that the outlook...

  • PIMCO SAYS FORMER FEDERAL RESERVE CHAIRMAN BEN BERNANKE PARTICIPATED AT FIRM'S CYCLICAL OUTLOOK FORUM LAST WEEK IN NEWPORT BEACH.

  • Federal Reserve stared down a volatile global economy in October to keep its plans for an eventual interest rate hike on track, and is likely to do so again this week amid plunging oil prices and a potential currency crisis in Russia. According to the Bank for International Settlements, U.S. bank exposure to Russia has fallen from $43 billion at the start of 2013 to...

  • Fed leak revealed confidential info on bond-buying Monday, 1 Dec 2014 | 2:27 PM ET
    Ben S. Bernanke, former chairman of the U.S. Federal Reserve.

    The Fed alerted top officials in 2012 when a newsletter distributed confidential details about its policy decisions, ProPublica reported Monday.

  • NEW YORK, Dec 1- The Federal Reserve will not just tighten policy based on how the U.S. economy is faring, but on how well financial markets respond to the eventual interest-rate hikes, an influential Fed official said on Monday. New York Fed President William Dudley said the U.S. central bank will unleash more aggressive rate rises if financial markets do not...

  • Surprise! Millennials are buying stocks Friday, 28 Nov 2014 | 1:53 PM ET

    Contrary to what you may have heard, this online trading platform says millennials ARE buying stocks.

  • Fed now expected to stay lower for a lot longer Friday, 28 Nov 2014 | 12:22 PM ET
    The U.S. Federal Reserve Building is shown at sunrise in Washington, Oct. 28, 2014.

    Remember when the Federal Reserve was going to raise rates next spring? Yeah, well that was fun while it lasted.

  • Can stocks climb the wall of worry?: Farr Wednesday, 26 Nov 2014 | 12:18 PM ET
    Traders on the floor of the New York Stock Exchange.

    Stocks have been unexpectedly rallying, but can they climb the wall of worry and keeping going?

  • Testimony to end, but AIG case far from over Friday, 21 Nov 2014 | 6:00 AM ET
    AIG headquarters in New York City.

    The last witness in an eight-week trial is expected to be called Friday, but a verdict is still months away.

  • Foreigners bought a total of 2.23 trillion yen worth of Japanese shares, including both futures and cash stocks, during Nov. 4-7, according to data provided by the Japan Exchange Group, which operates the Tokyo Stock Exchange and the Osaka Exchange. The total amount was seen as a record, according to Mitsubishi UFJ Morgan Stanley Securities and Nomura Securities...

  • Ben Bernanke is a really funny guy. Seriously Thursday, 6 Nov 2014 | 11:55 AM ET
    Ben Bernanke

    Even guys who had to bear the weight of the world on their shoulders can laugh a little, too.

  • How Ben Bernanke's refi rejection could help you Tuesday, 21 Oct 2014 | 11:21 AM ET
    Former Chairman of the Federal Reserve Ben Bernanke.

    The former Fed chair being turned down for a home refinancing loan should serve as a call-to-action, HomeServices CEO Ronald Peltier tells CNBC.

  • Sorry, Mr. President. Your card was declined Friday, 17 Oct 2014 | 6:34 PM ET
    President Barack Obama and First Lady Michelle Obama.

    President Barack Obama said on Friday that his credit card was rejected at the classy Estela restaurant in Manhattan.

  • Volatility will remain high as the U.S. moves to raise rates, and could pose difficulties for emerging markets, Mexico’s Finance Minister said.

  • WASHINGTON, Oct 10- Of all the key government players involved in saving the U.S. economy from collapse back in the autumn of 2008, Edward Quince has hardly earned a mention. The Wall Street Journal, which earlier on Friday reported Bernanke's alias, said the Fed's general counsel testified that the former Fed chairman used the name during the financial crisis to...