Jack Ablin, BMO Private Bank executive VP & CIO, and David Kelly, JPMorgan Funds chief global strategist, discuss when the Fed will likely taper. "We are going move away from taper and put an emphasis on forward guidance," says Ablin.» Read More
What do you do if you are a corporate or political leader and your predecessor continues to gain media attention after retirement? Former Fed Chief Alan Greenspan has been sharing the spotlight with Ben Bernanke, who’s been chairman for more than a year. Once retired, should they just walk away quietly?
Inflation has been tamed and a slowing economy, underscored by an increase in unemployment, will lead the Federal Reserve to cut interest rates this summer.
Federal Reserve Chairman Ben Bernanke urged Congress on Tuesday to bolster regulation of mortgage giants Fannie Mae and Freddie Mac, and suggested limiting their massive holdings to guard against any danger their debt poses to the overall economy.
Former Federal Reserve chairman Alan Greenspan says that the U.S. has a ‘one-third probability’ of falling into a recession this year. Greenspan’s outlook contrasts that of his successor, Ben Bernanke, who believes that inflation is a bigger problem for the economy..so who's right?
New York Senator and presidential candidate Hillary Clinton told CNBC that this week's market turmoil "should be a real wake-up call for our country" on its foreign debt and fiscal policy.
Sure, Ben Bernanke is the current Federal Reserve chairman -- but after Tuesday's market spasm, everyone seems to be talking about Alan Greenspan and his use of "the 'R' word." But does that mean the ex-Fed chief needs to watch his mouth? Two economists took on the question of free speech versus accountability, in "Morning Call."
Former Federal Reserve Chairman Alan Greenspan was quoted as saying on Thursday that a recession in the United States is possible, though not probable this year as inventory problems in the economy are being addressed quickly, Bloomberg reported.
Federal Reserve Chairman Ben Bernanke said on Wednesday a sharp slide in stock markets a day earlier has not changed the Fed's outlook for moderate U.S. growth.
A $45 billion megawatt merger could light up at least a few stocks this week. The guarded stock market will otherwise focus on rising oil prices, housing numbers, a batch of economic data, Fed speakers, and the drama surrounding Iran. The oracle of Omaha will issue his latest words of wisdom after the bell Thursday and a few big earnings will make news. Of course, everyone will be watching the Oscars.
The Consumer Price Index report for January contained some unwelcome surprises, but the FOMC minutes offered a relatively positive one – “some improvement in core inflation.”
I’m sure I’m not the only one who listened to every word of Federal Reserve Chairman Ben Bernanke’s Congressional testimony over the past two days. But I AM sure I can say no one is jealous of me, including most of my co-workers. It comes with the Breaking News Desk job description.
Rep. Barney Frank argues that prospects of slower growth seem to be equally as important a risk as the possibility of a flare-up of inflation.
Federal Reserve Chairman Ben Bernanke expressed confidence in the health of the U.S. economy despite a housing slowdown.
We were geared up for the event of the day: Fed Chairman Ben Bernanke’s semi-annual economic testimony before Congress. Then came word that President Bush would hold a news conference at 11 am Eastern Time -- right smack in the middle of Bernanke’s appearance.
Mr. Bernanke has given market bulls exactly what they wanted: commentary on the economy and inflation that is neither too hot nor too cold.
Yesterday's big move up in stocks seems to have temporarily pushed the bears back into the shadows of Wall Street, and the market looks ready for a slight move higher at the open today
Bolstering education and training - rather than erecting trade barriers - would help narrow the economic gap between low-and high-income workers, Federal Reserve Chairman Ben Bernanke said.1st paragraph of story should go here
At last night’s CNBC Executive Leadership Awards, guests joked that analysts and journalists alike used to guess the Fed’s interest rates decisions based on the thickness of Alan Greenspan’s briefcase when he arrived at the meetings. Yesterday, the Fed met and left rates unchanged – as expected – but nevertheless led the blue chips to a triple-digit rally.
Stocks in the U.S. are pointing lower this morning. The Fed's statement, important economic data and earnings could all drive the markets today. President Bush speaks on the economy on Wall Street and Treasury Secretary Hank Paulson appears before Senate Banking on the Chinese currency issue.
Ben Bernanke called for greater transparency when he took the reins of the Federal Reserve. But as Wall Street awaits the Fed's Wednesday statement, two analysts still seeks clues to second-guess the chairman.