Flashes of illumination rather than fireworks are expected at the annual meeting of top central bankers and economists in Jackson Hole, Wyoming.» Read More
LONDON, May 28- The business cycle may not be dead, but financial markets sense this one will stretched to the limits.
Stranger things have happened. Ben Bernanke is known for his love of baseball, and he needs a new gig now that he's no longer chairman of the Fed.
Stanley Fischer has been confirmed to join the board of governors, meaning he'll have a vote—and an important say—in monetary policy.
Andrew Ross Sorkin, "Squawk Box" co-host and New York Times columnist, talked about the former Fed chairman's qualifications for the job.
SAN FRANCISCO, May 22- The Federal Reserve is finally moving back to "normal" monetary policy, a top Fed official said on Thursday, even as he warned of possible lurches along the way.
CNBC's Larry Kudlow, and Richard Brodsky, Demos senior fellow, discuss the ethics of huge speaking fees which former presidents and government officials receive once they leave office.
Since leaving the Federal Reserve, Ben Bernanke has been raking in the bucks, commanding six-figure fees on the speaking circuit. CNBC's Eamon Javers reports which government officials are making the most cash per speech.
May 21- U.S. interest rates are staying low for quite some time, a backdrop which should, all else equal, favor emerging markets. The taper has become reality, and yet, amid signs of economic weakness from Europe and the U.S., market interest rates have dropped and the bid for riskier assets has generally been relatively good.
Bernanke said the Fed does not need to shrink its $4 trillion-plus balance sheet for it to normalize monetary policy.
DALLAS, May 19- The Federal Reserve does not need to shrink its $4 trillion- plus balance sheet by even "a dime" for it to normalize monetary policy when the time comes, former Fed Chair Ben Bernanke said on Monday. "The Fed has worked very carefully to figure out how to raise rates at the appropriate time," Bernanke told a monetary policy conference.
*Hedge funds at $250,000 meetings with former Fed chairman.
Former Treasury Secretary Timothy Geithner, one of the most pivotal and controversial figures during the financial crisis, defends his actions and reveals what he would do over.
*Narrowing trend may soon run out of steam- analysts. LONDON, May 9- The premium which emerging dollar bonds hold over U.S. yields has shrunk to a level not seen since May 2013 when the Federal Reserve flagged plans to taper its stimulus programme and triggered a sell-off in the risky asset class.
Andrew Ross Sorkin reflects on the major takeaways from his recent interviews with former Treasury Secretary Timothy Geithner.
NEW YORK/ WASHINGTON, May 8- The U.S. Federal Reserve is in no rush to decide the appropriate size of its balance sheet, but if it ultimately shrinks it to a pre-crisis size, the process could take the better part of a decade, Fed Chair Janet Yellen said on Thursday.
WASHINGTON, May 8- Federal Reserve Chair Janet Yellen, taking a page from her predecessor, urged the U.S. Congress on Thursday to address the nation's long-term budget challenges, warning that the current course was unsustainable. "I would join my predecessor in saying that I do think it's important that the Congress address that issue," she said.
The Fed's unwillingness to extricate itself from the markets is a very worrisome trend, says Michael Farr.
NEW YORK, May 6- The Federal Reserve should expect more "bumps in the road" as financial markets react to increasingly less precise communications from the U.S. central bank, a top Fed policymaker said on Tuesday.
"The Fed may get more raucous about what to do next as tapering draws to a close," Alan Blinder, a banking industry consultant and economics professor at Princeton University said in a speech to the Investment Management Consultants Association in Boston.
CNBC's Tyler Mathisen; Paul Steiger, ProPublica, and Jeffrey Sonnenfeld, Yale School of Management, share their thoughts on the titans of central banking and whether Treasury Secretary Henry Paulson should have made the list.