Ben Bernanke
Janet Yellen appears to have open path to leadership of Federal Reserve
Janet Yellen, federal reserve vice chairwoman, became the front-runner in the search for the next chairman of the Fed right after candidate Larry Summers withdrew his name from consideration. Summers ultimately feared a divided Congress would prevent his approval. Yellen is expected to maintain much of the Fed’s current policies.
Fewer unemployment claims reported as rate remains unchanged
New economic reports out Thursday morning had good news about the American economy — but not good enough to really push down the nation’s unemployment rate. Experts say we’ll need much stronger growth, stronger than they’re forecasting for the year, to see large and sustained declines in unemployment.
Federal Reserve Eyes End of Stimulus
Later this year, because of an optimistic outlook on the economy, the Federal Reserve may begin to ease its efforts to stimulate the economy. “(Pulling back) would basically say that we’ve had a relatively decent economic outcome in terms of sustained improvement in growth and unemployment,” Fed Chairman Ben Bernanke said, according to a report […]
Easing Economic Stimulus & Protecting the Fragile Economy
That announcement from Federal Reserve Chairman Ben Bernanke last week that the Fed plans to pull back on stimulating the economy was one big factor that precipitated what’s being called a liquidity crisis as the financial system tries to imagine a world without the Federal Reserve system propping up the money supply. It’s been a […]