Markets tend to slide when a new Fed chair takes over. Coincidence ... or curse?» Read More
The 2008 financial crisis was an “avoidable” disaster caused by widespread failures in government regulation, corporate mismanagement and heedless risk-taking by Wall Street, according to the conclusions of a Congressional inquiry. The New York Times reports.
Whether they be Japanese housewives or folks in India and Indonesia energy and food prices matter – big time.
Policy makers are working behind the scenes to come up with a way to let states declare bankruptcy and get out from under crushing debts, including the pensions they have promised to retired public workers, the New York Times reports.
Albert Edwards, a global strategist at Societe Generale well known for his bearish stance, said late Monday he has got it wrong and that he has been too bullish.
The economy has improved in the last six months, signaled by greater consumer spending, durables purchases and some signs of increased investment, Daniel K. Tarullo, Federal Reserve governor, told CNBC Friday, echoing what his boss, Chairman Ben Bernanke said on Thursday.
Federal Reserve Chairman Ben Bernanke's approach to stopping the financial crisis by printing money is wrong, as the private sector is still unable to pay its debts, Richard Duncan, the author of 'The Dollar Crisis: Causes, Consequences, Cures' wrote Friday.
Federal Reserve Chairman Ben Bernanke said Thursday that the US economy is strengthening, with three to four percent growth likely this year, but that it won't reduce unemployment "at the pace we'd like it to."
On Friday, Federal Reserve Chairman Ben Bernanke dismissed the possibility that the central bank would intervene in the municipal credit markets.
These are the earnings reports and data points to watch.
While it might not be a Goldilocks economy, it just may be a Goldilocks unemployment rate as far as investors are concerned: Not too cold as to indicate a double-dip, but not too hot so as to push the Fed to the sidelines.
From Portugal and Spain to the state of housing in the US, here are some notable themes to watch for in 2011.
The Fast Money traders see little to cheer in declining unemployment.
Today Federal Reserve Chairman Ben Bernanke makes his way to Capitol Hill to appear before the Senate Budget Committee for their first meeting of the 112th Congress. He will be testifying on the U.S. Economic Outlook: challenges for monetary and fiscal policy.
See what's happening, who's talking and what will be making headlines on Friday's Squawk on the Street.
Federal Reserve Chairman Ben Bernanke will make his first visit to the 112th Congress on Friday for what has recently become a ritualistic beating in the guise of a hearing on monetary policy.
Read the full text of the minutes from the Federal Open Market Committee's Dec. 14 meeting here.
Federal Reserve Chairman Ben Bernanke may resign in late 2011 as deflation continues to dash hopes of strong economic growth in the U.S. economy, Jim Walker, founder and CEO of Asianomics, told CNBC Friday.
Perhaps it could quench some of the populist anger the Fed is facing. And it's going to face more next year.
As the Federal Reserve debates whether to scale back, continue or expand its $600 billion effort to nurse the economic recovery, four men will have a newly prominent role in influencing the central bank’s path, the New York Times reports.
Though many in Washington and Wall Street have applauded the bipartisan tax cut package as a key economic stimulant, there are more than a few skeptics about its potential impact.