For the first time, Fed officials have offered an account that differs significantly from the versions that, for many, have hardened into history.» Read More
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.
Exerted greater impact over past quarter century as chairs of the U.S. Federal Reserve on the U.S. and global economy than any other public official.
WASHINGTON- Independent Community Bankers of America Annual 2014 Washington Policy Summit. Federal Reserve Chair Janet Yellen speaks on the third day of the conference- 1230 GMT.
Israel has some of the lowest tax rates in the world — and it's actually helped their economy. The US should take note, says Jake Novak.
NEW YORK/ WASHINGTON, April 24- The Senate Banking Committee will vote next week on three nominees to the Federal Reserve's board, including Stanley Fischer for vice chairman, in a big step toward bulking up the U.S. central bank's depleted ranks. Treasury official Lael Brainard and current Fed Governor Jerome Powell, who has been nominated for another term.
Federal Reserve, Ben Bernanke, will give a speech entitled "Eight Years of Crisis Management at the Federal Reserve and the Way Forward"- 1545 GMT. HALIFAX, Canada- Canadian Finance Minister Joe Oliver will speak at a Halifax Chamber of Commerce lunch in Nova Scotia- 1545 GMT.
FARGO, North Dakota/ BANGOR, Maine, April 15- The U.S. "If you commit to keeping rates low even as the recovery is proceeding, even as we continue to recover, I think people have a sense, the Fed has the recovery's back," Minneapolis Federal Reserve Bank President Narayana Kocherlakota said at North Dakota State University.
TOKYO- Bank of Japan Governor Haruhiko Kuroda speaks at the Japan Trust Banks Association- 0615 GMT. LJUBLJANA- Slovenia Finance Minister Uros Cufer speaks at a business conference on the European and Slovenian banking sector- 0700 GMT.
The Fed should "explicitly" say it will keep rates near zero until the economy is within a year of reaching Fed goals, a policymaker said.