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WASHINGTON -- Embattled Federal Reserve Chairman Ben Bernanke won confirmation for a second term Thursday, but only by the closest vote ever for the crucial post and after withering criticism from lawmakers for bailing out Wall Street while other Americans suffered in recession.
Fri, Jan 29 | from U.S. News & World Report
The job of Bernanke, Geithner, and Obama is to keep the rentier-financiers' imperial plunder regime in power. Ironically, whether or not Bernanke actually made those promises to Reid is irrelevant. Bernanke should never have put himself in the position to be accused. However, the key poi...
Wed, Jan 27 | from Mish's Global Economic Trend Analysis
Yes, much of Wall Street wants to see Mr. Bernanke confirmed. The Street is currently making a bundle off Fed policy, as it borrows at near-zero rates and lends long, and the banks don't want that to end. The banks also loved negative real interest rates in the middle of the last decade, and we kn...
Mon, Jan 25 | from Mish's Global Economic Trend Analysis
Last month, Senator Jeff Merkley (D-OR) was the sole Democrat on the Banking Committee to vote against reconfirming Ben Bernanke as Chairman of the Federal Reserve. The good news is that more Democrats have come out to oppose Bernanke. The bad news is that more Democrats have come out in sup...
Mon, Jan 25 | from The Left Coaster
Sen. John McCain intends to vote “no” on the Bernanke nomination, saying “I believe that he must be held accountable for many of the decisions that contributed to our financial meltdown.” McCain is dead right. The Fed missed the boat in terms of monetary and regulatory policy. It is time for a c...
Mon, Jan 25 | from National Review Online
Fisher then argued that a starting position of over-indebtedness and low inflation in the 1920s led to a chain reaction that caused the Great Depression. So what did Ben Bernanke, the alleged modern expert on the Great Depression, make of Fisher’s argument? In a nutshell, he barely even c...
Mon, Jan 25 | from Mish's Global Economic Trend Analysis
Will Federal Reserve vice chairman Donald Kohn replace Ben Bernanke? It’s certainly possible, because Bernanke currently has four Senate holds on his nomination. In other words, there may not be a vote by January 31 when his term as chairman expires.
Tue, Jan 12 | from National Review Online
Please consider Taylor Disputes Bernanke on Bubble, Says Low Rates Played Role. John Taylor, creator of the so-called Taylor rule for guiding monetary policy, disputed Federal Reserve Chairman Ben S. Bernanke’s argument that low interest rates didn’t cause the U.S. housing bubble.
Wed, Jan 6 | from Mish's Global Economic Trend Analysis
Sunday Roundup blog) This week, Time named Fed chair Ben Bernanke its Person of the Year. The magazine says its choice is "not an award," but rather a recognition of the person ... Ben Bernanke: TIME Magazine's Person of the Year for 2009Examiner.com all 2 news articles »
Sat, Dec 19 | from Huffington Post
Via Andy Levy's Twitter feed and Polijam comes this clip of Rep. Ron Paul talking in Morning Joe about Fed head Helicopter Ben Bernanke being named as Man of The Year. “The big question is: has he used that power for good or for evil? And of course my side of the argument is the system is evil and th...
Wed, Dec 16 | from Hit and Run
New York Magazine NY Summers vs. Bernanke? I'd Take Summers [Larry Kudlow] National Review Online Blogs Obama's Economic Circle Keeps Tensions High New York Times Tim Geithner and Larry Summers Are Still Best Friends New York Magazine
Mon, Jun 8 | from The Business Insider
It would be nice to believe Ben Bernanke. He is the chairman of the Federal Reserve and he says that one of these days we've gotta, just gotta, balance the federal budget again. This year, it's going to be $1.8 trillion out of balance. ... China and the Fed will tame Obama spending Times Online
Sat, Jun 6 | from Pittsburgh Tribune-Review
Federal Reserve Bank Chairman Ben Bernanke testified Monday before a House panel throwing his support behind a plan to limit the risk of a "protracted slowdown" in the economy. Chairman Bernanke is not endorsing any particular bill or dollar amount but is encouraging action by Congres...
Mon, Oct 20 | from Wisconsin Radio Network
Federal Reserve Chairman Ben Bernanke doesn't believe the country will slip into a recession, rejecting the notion that the economy's expansion could be in danger of fizzling out.{b} Dow Jones falls nearly 100 points
Thu, Mar 29 | from AZ Central.com
President Bush on Monday said, "Since its creation in 1913, the Federal Reserve has helped bring stability and growth to our nation's economy. Around the world the Fed is a symbol of integrity and reliability. ... The Fed's actions touch the lives of all Americans, and the Chairman of the Feder...
Sun, Feb 5 | from Whitehouse.gov
BW's John Byrne and Mike Mandel talk about how incoming Federal Reserve Chairman Ben Bernanke will preside over a diminished Fed. Under Bernanke, the Fed will still possess all of its vast powers, and it may be difficult not to act once he takes office. But Bernanke has made it known he believ...
Thu, Oct 27 | from BusinessWeek
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