On Thursday, Federal Reserve Chairman Ben Bernanke spoke before the House Budget Committee in Washington. He said the economy is improving but it continues to be susceptible to shocks.
In prepared remarks before his appearance, he said of the current …
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The Federal Reserve left rates unchanged…, and expects to keep rates exceptionally low through at least late 2014, with CNBC’s Hampton Pearson; Bill Gross, PIMCO, and CNBC’s Brian Sullivan.
Video and full text below:
i guess there is something
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Asia, struggling to maintain its economic growth, might be less vociferous in its protests to anyU.S.monetary stimulus measure, which was blamed in 2010 for the enormous capital flows to emerging markets that led to inflation and speculative equity market rise.
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There are two things that I want to comment on Fed policy this evening: Transparency is overrated, and Bernanke does not understand savings.
Transparency is Overrated…
Ever heard of the phrase “data overload?” Greenspan would do that verbally in his
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December 2011
January 2012
Comments…
Information received since the Federal Open Market Committee met in November suggests that the economy has been expanding moderately, notwithstanding some apparent slowing in global growth.
Information received since the Federal Open Market Committee met
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A Reuters poll of leading Wall Street economists showed that the Federal Reserve is likely to start hiking interest rates again only in the first half of 2014, after a gap of more than five years, when it slashed them
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…The Federal Reserve’s two-day meeting next week will mark the first at which members of the policy-setting Federal Open Market Committee offer their individual forecasts for the future path of the benchmark interest rate the central bank controls.
Two blank
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Federal Reserve officials are waiting to see how the economy performs before deciding whether to launch another bond-buying program.
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The Fed meets again next Tuesday and Wednesday, and officials are preparing to roll out a new communications strategy that is
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Treasury Secretary Timothy F. Geithner, right, confers with Federal Reserve Chairman Ben S. Bernanke in July. (Jay Mallin, Bloomberg)
Despite signs of trouble for the nation’s overheated housing market in 2006, there was plenty of banter and laughter around the
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Ben S. Bernanke is signaling his willingness to double down on a three-year bet that’s failed to revive housing, showing the extent of the Federal Reserve chairman’s effort to wrest a recovery from the deepest recession.
Since the Fed started
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By DavidMerkel
November 2011
December 2011
Comments
Information received since the Federal Open Market Committee met in September indicates that economic growth strengthened somewhat in the third quarter, reflecting in part a reversal of the temporary factors that had weighed …
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Few lines from the Bloomberg article:…
The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what
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…Is the U.S. in a depression? “no,” Harvard University economics professor Martin Feldstein .” “I’m not quite sure what a depression is.” Feldstein further stated about the recovery that it is “about as bad an expansion as I’ve ever seen.”
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By EconMatters…
Despite a big 4.4% drop off from energy prices in June following a 1.0% fall in May, the latest BLS data showed that the Consumer Price Index (CPI) for June was still up 3.6% year-over-year.
The core CPI
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David Einhorn recently updated his thriller “Fooling Some of the People All of the Time, A Long Short (and Now Complete) Story, Updated with New Epilogue…”.
DAVID EINHORN is president and co-founder of Greenlight Capital, a long-short value-oriented
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