Smart. Sharp. Funny. Fearless.
Sunday, October 22, 2017
Ben Bernanke

U.S. Accused Of Illegal 2008 Seizure As AIG Trial Opens

You won’t believe why AIG’s former CEO is demanding $40 billion.

September 30, 2014

Yellen Takes Over Fed As Bernanke Departs

Washington (AFP) – Respected economist Janet Yellen was sworn in Monday as the first woman chair of the Federal Reserve, taking on the burden of winding down the Fed’s stimulus without spurring more turmoil. Yellen inherits the mantle of the world’s most powerful central banker from Ben Bernanke, who guided the U.S. and the global […]

February 3, 2014

Fed Cuts Another $10 Billion From Stimulus Program

Washington (AFP) – The Federal Reserve stayed the course on tapering its stimulus for the U.S. economy Wednesday, reducing its asset purchases by $10 billion for the second month in a row. The Fed, as expected, cut the stimulus to $65 billion a month, while leaving its benchmark interest rate near zero, citing “growing underlying […]

January 29, 2014

GOP Leaders Try To Prevent Fed Action

The GOP is able to thwart progress in the House — as they have shown throughout the summer — but they do not have means of preventing the Federal Reserve from taking action to help the economy. So what did Republican leaders do ahead of a two-day Fed meeting? They sent a letter to Federal […]

September 21, 2011

How The Political Climate Is Crippling The Fed

Despite the predictions of investors and traders, Chairman Ben Bernanke announced in a speech Friday that he would not be proposing new steps by the Federal Reserve to help the economy. The reasons behind his inaction might be more political than monetary. Many people worry that the United States is on the brink of another […]

August 26, 2011

By Threatening Fed Chairman, Rick Perry Admitted That Easing Money Helps Economy

When Republican presidential candidate Rick Perry uttered what many heard as a physical threat against Federal Reserve Chair Ben Bernanke for the allegedly “treasonous” act of easing the nation’s money supply, did he realize that he was actually admitting that might be a good idea? Matthew Yglesias at Think Progress points out what most political […]

August 18, 2011

Bernanke Will Stimulate if Necessary

In testimony before the House Financial Services Committee Wednesday, Fed Chairman Ben Bernanke indicated that the central bank would commit to another round of stimulus if economic growth continues to stall. The Fed Chief acknowledged that economic numbers from the first half of 2011 were less than impressive. Attributing the dismal 9.2% unemployment rate from […]

July 13, 2011

Ben Bernanke Admits That He Doesn’t Know Why The Economy Is Stalling

The Federal Reserve Chairman sounded almost befuddled yesterday when during a press conference yesterday where he explained the central bank’s recent decision to keep interest rates low. “We don’t have a precise read on why this slower pace of growth is persisting,” he told reporters. The gloomy official statement from the bank referred to the […]

June 23, 2011