Ben Bernanke

Janet Yellen appears to have open path to leadership of Federal Reserve

Global Politics

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.

Summers Withdraws from Race to Lead Federal Reserve

Debate picks up over two leading contenders for Federal Reserve chairmanship

Global Politics

6 questions that help explain how the fiscal cliff will affect you

As Federal Reserve meets, eyes on further economic stimulus measures

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.

Why the Fed should print more money to help U.S. economy

According to New York Times financial writer Joe Nocera, what makes or breaks an economy is credit, and the U.S. Federal Reserve needs to print more money.

House sales continue to drop

Sales of new and existing homes dropped more than expected last month, even though houses are currently cheaper than they were this time last year.

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 […]