Ben S. Bernanke is current Chairman of the Board of Governors of the United States Federal Reserve. A distinguished Princeton Economics professor specializing in monetary policy and macroeconomics Bernanke served the Federal reserve in...
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Ben S. Bernanke is current Chairman of the Board of Governors of the United States Federal Reserve. A distinguished Princeton Economics professor specializing in monetary policy and macroeconomics Bernanke served the Federal reserve in other roles before taking the chair.
On October 15, 2009, We Are Change Boston asked former Federal Reserve Chairman and current Chair of President Obama’s Economic Recovery Advisory Board, Paul Volcker, about the Bilderberg Group. This short video clip is highly significant for several reasons, including: 1) A former Fed Chairman, Volcker, acknowledges that the Bilderberg Group exists. 2) He acknowledges that he attended their meeting this year (2009), and two or three times previously. 3) He acknowledges the authority and... Read Full Story
John M. Mason writes on current monetary and financial events. He is a professor at Penn State University and has taught in both the Management Division and the Engineering Division. He formerly was on the faculty of the Finance Department, Wharton School, the University of Pennsylvania. Dr. Mason has been President and CEO of two publicly traded financial institutions and the Executive Vice President and CFO of a third. He has also served as a Special Assistant to the Secretary of the... Read Full Story
Editorial Reviews
From Publishers Weekly
Axilrod, a longtime Federal Reserve System veteran, provides an insider’s perspective on how the Fed has evolved over the past 50 years. Revealing the impact of personalities and their responses to political, social and bureaucratic situations, he explores such key topics such as money supply vs. interest rates, monetary base and reserve aggregates vs. money-market conditions, and increased emphasis on real-world variables rather than on... Read Full Story
Florida mortgage rates should remain low, as the Federal Open Market Committee (FOMC) voted to leave the Fed Funds Rate right where it’s been, within the target range of 0.000-0.250 percent.
That said, the Fed was far from inactive today.
On plan to resurrect the economy using “all available tools,” today, Uncle Ben and company announced a new, $1.5 trillion round of financial support for mortgage markets and the US Treasury. We’ll likely read about this in tomorrow morning’s headlines... Read Full Story
Editorial Reviews
Review
“The Monetary Policy of the Federal Reserve: A History is a comprehensive study of the evolution of monetary policy practiced by the Federal Reserve since its founding nearly a century ago. Hetzel brings a unique perspective to this material, a monetarist point of view rooted in his U of Chicago training, but a view profoundly influenced by an understanding of monetary policy in practice acquired as a life-long policy advisor at the Federal Reserve Bank of... Read Full Story
Paul Volcker is Barack Obama's pick to head the President's Economic Recovery Advisory Board.
"Paul has been by my side throughout this campaign, providing a deep understanding of financial markets, extensive experience managing economic crises and keen insight into the global nature of this particular crisis," Obama said.
In addition to Volcker's appointment, Obama also named Christina Romer, a University of California at Berkeley economist, to chair the Council of Economic... Read Full Story
WASHINGTON (MarketWatch) -- Federal Reserve Board Chairman Ben Bernanke discussed the economy with average Americans on Sunday, saying the current financial crisis could be even more virulent than the Great Depression. "A lot of things happened, a lot came together, [and] created probably the worst financial crisis, certainly since the Great Depression and possibly even including the Great Depression," Bernanke said at the start of a town-hall meeting in Kansas City. Bernanke defended the... Read Full Story
*FULL SPEECH* Live! Federal Reserve President Ben Bernanke Addresses UC Berkeley Conference, Via Satellite (Twenty Two and a Half Minutes) Read Full Story
A Federal Reserve chairman hasn’t been interviewed in 20 years. These are obviously unprecedented times, though, and Chairman Bernanke shares his thoughts on the financial system, how it caused the economic crisis, and the role that he and the Federal Reserve plays. He also, opened up the the Fed headquarters, which is rarely seen by the public. He mentioned a slower pace of decline, before we see a correction. When asked by 60 Minutes correspondent Scott Pelley, "You seem to be saying that... Read Full Story
A Federal Reserve chairman hasn’t been interviewed in 20 years. These are obviously unprecedented times, though, and Chairman Bernanke shares his thoughts on the financial system, how it caused the economic crisis, and the role that he and the Federal Reserve plays. He also, opened up the the Fed headquarters, which is rarely seen by the public. He mentioned a slower pace of decline, before we see a correction. When asked by 60 Minutes correspondent Scott Pelley, "You seem to be saying that... Read Full Story
