Monetary economics
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.
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 […]
As Bernanke Offers His Economic Outlook, Takeaway Listeners Offer Theirs
Federal Reserve Chairman Ben Bernanke spoke before Congress today. He gave his assessment of the American economy and proposed new potential measures to foster economic growth. The Takeaway has been speaking with Americans about their experiences since the beginning of the recession, and followed up with three on their economic outlooks. Harley Helms is a long-distance […]
Bernanke expresses doubts on economic recovery
In testimony before a Congressional committee on Tuesday, Federal Reserve Chairman Ben Bernanke warned lawmakers that the economic recovery U.S. “is close to faltering.” Peter Spiegel discusses whether the U.S. could be headed for a double-dip recession.