Obama told Charlie Rose, host of a PBS interview program, that Bernanke was like longtime FBI Director Robert Mueller, who agreed to stay two years longer in the job than he had planned and is to leave in the coming months. Ben Bernanke's a little bit like Bob Mueller, the head of the FBI- where he's already stayed a lot longer than he wanted or he was supposed to. "
WASHINGTON, June 17- President Barack Obama hinted in an interview aired on Monday that he may be looking for a new chief of the U.S. Federal Reserve Bank, saying Ben Bernanke has stayed a lot longer than the current chairman had originally planned.
WASHINGTON, June 17- President Barack Obama hinted in an interview aired on Monday that he may be looking for a new chief of the U.S. Federal Reserve Bank, saying current Chairman Ben Bernanke has stayed a lot longer than he had originally planned.
WASHINGTON, June 7- In the summer of 2009, with the U.S. economy badly wounded and the nation's financial calamity still a vivid memory, President Barack Obama's closest aides began a vital discussion about who he should nominate to run the Federal Reserve.
If history is any guide, President Barack Obama will pick a candidate to succeed the one-time Princeton University professor sometime during the summer, allowing ample time for the Senate to consider the nominee before a final confirming vote. She began her career as an assistant professor at Harvard in the early 1970 s before shifting over to the Fed.
June 2- Whisper it abroad: The U.S. economy is on the mend. Most recent indicators suggest that, five years after the start of the Great Recession, the "L-shaped" recovery is finally heading north. As Winston Churchill said after the Battle of Alamein, "This is not the end.
WASHINGTON, April 1- President Barack Obama announced on Monday he had chosen White House economic adviser Brian Deese to be deputy director of the Office of Management and Budget, confirming a Reuters report.
WASHINGTON, April 1- President Barack Obama will announce on Monday he has chosen White House economic adviser Brian Deese to be deputy director of the Office of Management and Budget.
WASHINGTON, April 1- President Barack Obama will announce on Monday he has chosen White House economic adviser Brian Deese to be deputy director of the Office of Management and Budget.
March 19- Unfair and a bungle it may be, but the plan to levy bank deposits in Cyprus does have its virtues. The levy is a good thing for Cyprus in two ways: it helps to protect future taxpayers; and it will tend to shrink the island's grossly distended financial services industry. To be clear, as originally proposed, the bailout of Cyprus banks is an outrage.
Treasury Secretary Jack Lew will press China to take "serious steps" to stop cyber attacks directed at the United States and urge the administration of new Chinese President Xi Jinping to accelerate economic reforms, a U.S. official said on Friday.
*Cabinet secretaries to visit China soon in separate visits. WASHINGTON, March 14- President Barack Obama took mounting U.S. concerns about computer hacking straight to China's president on Thursday in a sign of how seriously the United States takes the threat of cyber attacks emanating from China.
*Cabinet secretaries to visit China soon in separate visits. WASHINGTON, March 14- President Barack Obama took mounting U.S. concerns about computer hacking straight to China's president on Thursday in a sign of how seriously the United States takes the threat of cyber attacks emanating from China.
*Lehman suing JPMorgan in $8.6 billion case. NEW YORK, Feb 28- The former JPMorgan Chase& Co trader known as the "London Whale" was not responsible for Lehman Brothers Holdings Inc's bankruptcy and should not be dragged into an $8.6 billion lawsuit accusing the largest U.S. bank of causing it, JPMorgan said.
*Lehman suing JPMorgan in $8.6 billion case. NEW YORK, Feb 28- The former JPMorgan Chase& Co trader known as the "London Whale" was not responsible for Lehman Brothers Holdings Inc's bankruptcy and should not be dragged into an $8.6 billion lawsuit accusing the largest U.S. bank of causing it, JPMorgan said.
WASHINGTON, Feb 27- The U.S. Senate on Wednesday confirmed Jack Lew as President Barack Obama's new Treasury secretary, putting the former White House chief of staff in the middle of political brawls over the government's budget.
WASHINGTON, Feb 28- Jack Lew was sworn in as U.S. Treasury secretary on Thursday, a White House official said, after winning bipartisan support in the Senate. Lew, a budget expert and former chief of staff for President Barack Obama, was confirmed by the Senate on Wednesday with 20 Republicans voting for him.
WASHINGTON, Feb 27- The U.S. Senate on Wednesday confirmed Jack Lew as President Barack Obama's new Treasury secretary, putting the former White House chief of staff in the middle of a bitter political fight over the government's budget. Some Republicans had expressed misgivings about Lew's perks from previous employers Citigroup and New York University.
*Committee votes 19-5 to send nomination to full Senate. Treasury, Jack Lew, despite some concerns about his perks from previous employers, clearing the way for a confirmation vote in the full Senate. With the 19-5 vote, about half of the panel's 11 Republicans opposed Lew's nomination, which could be brought to the Senate floor for a final vote as early as Wednesday.
DuckDuckGo CEO Gabriel Weinberg says web traffic on his search engine, billed as an alternative to Google that doesn't store your private information, surged 33 percent after the NSA news broke. Weinberg discusses the model of his search engine, and how the company makes money.
Wednesday, 19 Jun 2013 | 6:31 AM ETJohn Silvia, Wells Fargo Securities, and Barbara Marcin, Gabelli Dividend Income Fund, discuss whether investors should reconsider allocating their portfolios as the Fed wraps up its two-day policy meeting.
Wednesday, 19 Jun 2013 | 8:53 AM ETKen Langone, Invemed Associates chairman and president, called Fed Chairman Ben Bernanke a "lame duck."