Is Bernanke Calling it Quits?
Ben Bernanke is intensifying speculation that this year will be his last as Federal Reserve chairman by deciding to skip the Fed's annual August conference in Wyoming.
Ben Bernanke is intensifying speculation that this year will be his last as Federal Reserve chairman by deciding to skip the Fed's annual August conference in Wyoming.
World stock markets rallied Friday after Federal Reserve Chairman Ben Bernanke signaled that the central bank would do more to stimulate the U.S. economy.
The Federal Reserve chairman said Monday that gauging happiness can be as important for measuring economic progress as determining whether inflation is low or unemployment high.
Ben Bernanke says declines in home prices have forced many Americans to cut back sharply on spending warns that the trend could continue to weigh on the economy for years. The Federal Reserve chairman drew the connection between home values and consumer spending, which fuels 70 percent of economic activity, on Friday during a speech to the National Association of Home Builders in Orlando.
The U.S. must act to rein in its massive budget deficits or face the risk of a bond market crisis, former Fed Chairman Alan Greenspan said Sunday. If deficits begin to frighten the bond market, interest rates will rise, undermining the recovery, and possibly causing a double-dip recession.
Former Fed Chairman Alan Greenspan is calling for the complete repeal of the Bush tax cuts, a position that goes further than that of the White House. President Obama advocates keeping tax rates steady for all but the richest Americans.
Love him or hate him, Ben Bernanke, also known as Time magazine's Man of the Year, is likely headed for a second term as chairman of the Federal Reserve after the Senate Banking Committee gave him the thumbs up by a vote of 16 - 7 on Thursday.






