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Ben Bernanke

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  • Lawmakers in recent weeks have asked the Fed for the results of its probe, which was begun in October 2012 at the request of then-Fed Chairman Ben Bernanke and completed in March 2013. The case reviewed by the Fed stemmed from an article published by The Wall Street Journal on Sept. 28, 2012 that reported in detail how Bernanke had achieved consensus among the...

  • The U.S. central bank on Monday released a summary of the staff report in response to recent queries by both Democratic and Republican members of Congress. The queries concerned the Fed's internal follow-up to an article published in the Wall Street Journal and a client note circulated by analyst firms Medley Global Advisors. But members of Congress in recent...

  • It also dovetails with recent statements from notable investors Ray Dalio of Bridgewater Associates and DoubleLine Capital's Jeffrey Gundlach, both of whom had urged the Fed to move cautiously. "There has been a disconnect between the Fed and the markets and now the Fed has aligned itself with the market a little more," said John Derrick, director of research at...

  • MUMBAI, March 17- Emerging markets need to be prepared for the impact of a rise in U.S. interest rates which could still surprise in both timing and pace, the head of the International Monetary Fund, Christine Lagarde, said on Tuesday. In a speech in Mumbai, Lagarde warned that there could be a repeat of the so-called "taper tantrum" seen in 2013 when then Federal Reserve...

  • MUMBAI, March 17- Emerging markets must prepare for the impact of a rise in U.S. interest rates which could surprise in both its timing and pace, the head of the International Monetary Fund said in India on Tuesday. In a speech in Mumbai, Managing Director Christine Lagarde warned the so-called "taper tantrum" that slammed emerging markets in 2013 could be repeated.

  • NEW DELHI, March 16- India is better positioned to cope with external financial shocks than most emerging market economies, International Monetary Fund head Christine Lagarde was quoted saying on Monday, just ahead of a of a crunch meeting of the U.S. Now, Lagarde said in an interview with the Times of India before a two-day visit, India is in better shape.

  • *Wall St braces for Fed to remove' patient' language. March 13- Forget the 2013 "taper tantrum." Stocks may fall further if Fed Chair Janet Yellen drops a pledge to be "patient" about rate hikes in the Fed's statement after the upcoming policy meeting.

  • WASHINGTON, March 5- A group of prominent U.S. economists, including former Federal Reserve chiefs, Alan Greenspan and Ben Bernanke, wrote to congressional leaders Thursday to support key trade legislation but warn against including currency rules in trade deals. The economists, all former chairs of the President's Council of Economic Advisers, said...

  • WASHINGTON/ NEW YORK, March 4- The Federal Reserve struggled with the message being sent by its role in bank bailouts and worried about the impact of a bond-buying program aimed at easing the 2007-2009 financial crisis, according to transcripts released by the U.S. central bank on Wednesday. In a prescient view of future policy, then-San Francisco Fed President...

  • WASHINGTON/ NEW YORK, March 4- The Federal Reserve struggled with the message being sent by its involvement in bank bailouts in 2009 and worried about its implementation of a bond-buying program aimed at easing the financial crisis, according to transcripts released by the U.S. central bank on Wednesday. "Until the reinforcements arrive, I don't think we have...

  • Bernanke: No fast Fed formula   Monday, 2 Mar 2015 | 1:39 PM ET
    Bernanke: No formula for Fed

    Former Federal Reserve Chair Ben Bernanke spoke out on opposing the audit the Fed bill.

  • NEW YORK, Feb 27- Raising interest rates too late is safer than acting too early, an influential Federal Reserve official said on Friday, endorsing a high-profile research paper that argues that the U.S. economy, given time, can rebound to normal growth. The paper by four top U.S. economists, presented on Friday to a roomful of powerful central bankers in New York,...

  • DIARY-Top Economic Events to March 12 Thursday, 26 Feb 2015 | 7:01 PM ET

    NEW YORK- Federal Reserve Bank of Cleveland President Loretta Mester, Federal Reserve Bank of New York President William Dudley, Federal Reserve Vice Chair Stanley Fischer, former Federal Reserve chair Ben Bernanke and Bank of Japan Deputy Governor Hiroshi Nakaso participate in the U.S. Monetary Policy Forum 2015 Annual Conference sponsored by the...

  • DIARY-Top Economic Events to March 10 Wednesday, 25 Feb 2015 | 7:01 PM ET

    ATLANTA, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on monetary policy and the economic outlook before the 2015 Banking Outlook Conference- 1800 GMT. LONDON- Federal Reserve Bank of Dallas President Richard Fisher gives a lecture on "Reflections on 10 Years at the Fed: Through the Financial Crisis" at event hosted by the...

  • WASHINGTON, Feb 25- Federal Reserve Chair Janet Yellen on Wednesday fended off a stream of aggressive questions from Republican lawmakers who accused the central bank of making Democratic political causes a higher priority than its stewardship of the U.S. economy. Speaking in front of the House of Representatives Financial Services Committee, the normally...

  • DIARY-Top Economic Events to March 9 Monday, 23 Feb 2015 | 7:01 PM ET

    FRANKFURT- European Central Bank President Mario Draghi gives a speech at an event to unveil the new 20 euro banknote- 1400 GMT. LONDON, United Kingdom- Bank of England monetary policy member Kristin Forbes speaks at the annual State of the Economy Conference on "Prospects for the UK Economy" organized by the Institute of Economic Affairs- 0910 GMT.

  • DIARY-Top Economic Events to March 5 Friday, 20 Feb 2015 | 7:01 PM ET

    TOKYO- Bank of Japan will release the minutes of January policy meeting- 2350 GMT. LONDON- ECB Board member Yves Mersch takes part in a panel discussion on "The Benefits to Achieving a Capital Markets Union" at Dialogue on creating an EU Capital Markets Union organised by the London School of Economics and Political Science and Goldman Sachs- 1345 GMT.

  • And the next likely regional Fed presidents are... Sunday, 1 Feb 2015 | 3:36 AM ET
    Matthew Rutherford, assistant secretary for financial markets at the U.S. Treasury

    A U.S. Treasury official and a director at the New York Federal Reserve are among those who have been considered to replace two hawkish Fed policymakers, according to people familiar with the searches.

  • 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,...

  • 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...