Tag: Ben Bernanke

• Wednesday, August 7th 2019 - 08:50 UTC

  United States need an independent Federal Reserve

  

  The following article was published 6 August, in the Wall Street Journal, signed by ex-Fed chiefs Paul Volcker, Alan Greenspan, Ben Bernanke and Janet Yellen. Basically, it states that the US economy functions best when the central bank is free of short-term political pressures.

• Wednesday, July 18th 2018 - 07:33 UTC

  Jerome Powell admits trade policy could complicate Fed's forecasts

  

  A trade war with China, the European Union and other trading partners is casting some doubts about the U.S. economic future, Federal Reserve Chairman Jerome Powell said on Tuesday. And the longer it goes, the more potential harm it could cause, Powell told the Senate Banking Committee at a hearing about the Fed's monetary policy and the economy.

• Friday, June 13th 2014 - 07:32 UTC

  Easy-monetary policy advocates join the Federal Reserve; Fischer confirmed vice-chairman

  

  The US Senate confirmed on Thursday Stanley Fischer to be vice chairman of the Federal Reserve and approved Jerome Powell and Lael Brainard as members of the central bank's board, bolstering the Fed as it prepares to wind down its extraordinary stimulus.

• Thursday, May 22nd 2014 - 00:40 UTC

  Bernanke now makes more money speaking to bankers than in one year as Fed chairman

  

  The former chairman of the Federal Reserve Ben Bernanke, who during eight years piloted the world’s largest economy through the worst financial and economic crisis since the Depression of last century, is now reaping the fruits of his success.

• Tuesday, February 11th 2014 - 23:53 UTC

  Yellen confirms Bernanke approach: labor market recovery “far from complete”

  

  Federal Reserve Chair Janet Yellen said on Tuesday the US central bank was on track to keep reducing its policy stimulus, even as she acknowledged the labor market recovery was “far from complete.”

• Tuesday, February 4th 2014 - 09:00 UTC

  Yellen is sworn in as chair of Federal Reserve; Bernanke returns to academia

  

  Janet Yellen on Monday was sworn in as chair of the Federal Reserve, the US central bank, replacing Ben Bernanke in the role. She is the first woman to hold the post at the Washington-based bank.

• Wednesday, January 29th 2014 - 21:07 UTC

  Fed shaves another 10bn from stimulus; Turkey and South Africa raise rates

  

  The US Federal Reserve announced a $10bn reduction in its monthly bond purchases from 75bn to 65bn in the second straight month of winding down stimulus efforts. The central bank had been buying bonds in an effort to keep interest rates low and stimulate growth.

• Saturday, January 11th 2014 - 11:04 UTC

  President Obama names Stanley Fischer vice-chair of the Federal Reserve

  

  US President Barack Obama Friday nominated former Israeli central bank governor and renowned economist Stanley Fischer as vice chair of the Federal Reserve, completing a shakeup of the board's leadership.

• Thursday, January 9th 2014 - 06:59 UTC

  Most Fed members agreed on December's stimulus reduction, indicate minutes

  

  Federal Reserve members mostly agreed about a reduction in the central bank's stimulus efforts in December, meeting minutes released Wednesday reveal. The central bank announced a $10bn a month reduction in its bond buying program at the end of its December meeting.

• Tuesday, January 7th 2014 - 05:58 UTC

  Yellen confirmed as next Federal Reserve chairperson: Senate votes 56-26

  

  Janet Yellen, a key force behind the Federal Reserve's unprecedented and controversial efforts to boost the US economy, was confirmed on Monday by the Senate to lead the central bank just as it begins to unwind that stimulus.