Can Bernanke’s Large Shoes Be Filled?
“Usually, the Fed chairman comes in with a clean slate to do whatever they want,” JPMorgan Chase chief U.S. economist Michael Feroli told Bloomberg. “Whoever comes in this time is going to inherit a...
View Article5 Power Players Who Could Replace Ben Bernanke
A highly accommodating monetary policy has been the cornerstone of the economic recovery. Over the past five years, the Federal Reserve has kept interest rates at record lows and purchased an...
View ArticleIs Employment Getting Better in the U.S.?
According to economists via Bloomberg, more workers were probably added in August and the jobless rate stayed at a four-year low. The report will come out this week, providing a better picture of the...
View ArticleFriday Morning Cheat Sheet: 3 Stories Moving Markets
Markets were mixed in Asia on Friday. Japan’s Nikkei edged up 0.12 percent to 14,404.70, riding to a gain of 3.9 percent for the week. The yen remained relatively weak at 99.67 against the dollar. In...
View ArticleSummers as Fed Chairman? White House Says Not Just Yet
Source: http://www.flickr.com/photos/23165290@N00/ Next week could be a significant one for the United States economy. The Federal Open Market Committee is scheduled to meet for its September 18-19...
View ArticleMonday Morning Cheat Sheet: 3 Stories Moving Markets
Markets advanced in Asia on Monday. Japan’s Nikkei was closed for a national holiday, although the yen was slightly strong at 98.87 against the dollar. In Hong Kong, the Hang Seng advanced 1.47...
View ArticleIs Ben Bernanke the Best Fed Chairman in History?
A highly accommodating monetary policy has been the foundation of the Federal Reserve since the credit meltdown of yesteryear. Over the past five years, the central bank has kept interest rates at...
View ArticleMonday’s Midday Movers: 3 Stories Driving Markets
The major U.S. markets were falling on Monday as major corporations released disappointing earnings. As of noon: DIJA: -0.09% to 15,556.44 S&P 500: +0.03% to 1,760.35 NASDAQ: -0.3% to 3,931.56...
View ArticleTrimming Bonds and the Tree: Will We See a December Taper?
Source: http://www.flickr.com/photos/23165290@N00/ Tapering, the easing of the Federal Reserve’s bond-buying program, continues to be a source of speculation, with analysts guessing when the program...
View ArticleBernanke: Fed to Continue Bond Buying for the Long Haul
Financial markets have been known to vacillate wildly when Ben Bernanke speaks. In the Federal Reserve Chairman’s final speech in Philadelphia, Bernanke conveyed a tone of cautious optimism in...
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