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.
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Fed Cuts Key Interest Rate by a Half-point
Associated Press - (APTN)
Sep. 18, 2007. 06:39 PM EST
The Federal Reserve slashed a key interest rate by a half point on Tuesday - the first cut in over four years - leaving the door open to more relief to prevent a painful housing slump.
Federal Open Market Committee FOMC , mortgage news , Mortgage Video
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With all the excitement surrounding the Federal Reserve’s rate cut on September 18th 2007, I purposely avoided posting until the “dust” settled, and the smoke had cleared. As you’ll recall, the day of the cut we saw the Dow soar 330 points , the shorter-term Treasury issues rise and longer-term bonds fall. The yield on the benchmark 10-year Treasury note finished little changed at 4.47 percent. So now it’s been one week since Ben Bernanke cut the fed fund rate by .5%. So here’s the Aftermath... Read Full Story
Paulson Seeks Authority to Shore Up Fannie, Freddie The report by Bloomberg.com shows the final steps in ending the banking and credit crisis. The solution to the problem will certainly come with increased government regulation in this sector. More on this subject coming soon. America's Small City Mayor
Minnesota Politics & Analysis Read Full Story
A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men...We have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world - no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress 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
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Home / Blog , Daily Updates / Ben Bernanke - Full Text of Speech at Jackson Hole
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Posted: August 22, 2008 at 10:04 am by Chuck
From the FOMC web site here is the full text of Ben’s speech today:
Chairman Ben S. Bernanke
At the Federal Reserve Bank of Kansas City’s Annual Economic Symposium, Jackson Hole, Wyoming
August 22, 2008
Reducing Systemic Risk
In choosing the topic for this year’s symposium–maintaining stability in a changing... 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
The credit markets are tightening further, banks are failing, the Federal Reserve is increasing lending to banks, and foreign banks are also beginning to experience problems. At past meetings of the Fed, Ben Bernanke has discussed balancing the challenges of a slowing economy with worries about inflation. One of the big drivers of infalation has been rising fuel prices. With prices of crude oil below $100 and the strong possibility of reduced demand bringing it lower, inflation should... Read Full Story
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Home / Blog , Daily Updates / Ben Bernanke Speaks at UC Berkeley/UCLA
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Posted: October 31, 2008 at 2:01 pm by Chuck
Chairman Ben S. Bernanke
At the UC Berkeley/UCLA Symposium: The Mortgage Meltdown, the Economy, and Public Policy, Berkeley, California
October 31, 2008
The Future of Mortgage Finance in the United States
I appreciate the opportunity to speak at this symposium. My remarks will focus on the mortgage securitization... 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
