The unofficial race to become the next Chairman of the Federal Reserve is underway and two candidates have leapt in front of the rest. The national discussion is centered entirely on Larry Summers and Janet Yellen, but the White House has been tight-lipped regarding its preference.
It’s been a week of ups and downs for the U.S. markets, which ended at 600 points down on Monday, rose Tuesday, and took another nose dive yesterday. But those numbers only tell half of the story. All week long, experts like our economics editor, Charlie Herman, have reminded our listeners that a cursory glance at the markets […]
As Capitol Hill approaches a deal on the debt ceiling an economist says there’s a simple way for Americans to help erase the country’s debt: work for extra decade beyond the current retirement age of 65. Pippa Malmgren, who was financial market advisor to George W. Bush from 2001-2002, told The Takeaway on Thursday that “the bottom line” […]
Eurozone leaders are meeting in Brussels today, for an emergency summit on the looming debt crisis in Greece. Greek Prime Minister George Papandreou called this summit a “make-or-break” moment. Meanwhile, the International Monetary Fund warned that this crisis could spread to the rest of Europe, even if Eurozone leaders prevent a default in Greece. Pippa Malmgren, […]