Ben Bernanke

By Penn Bullock In response, Bernanke repeated the lesson of The Great Contraction: “Milton Friedman’s view was that the cause of the Great Depression was the failure of the Federal Reserve to avoid excessively tight monetary policy in the early ’30s. That was Friedman and Schwartz’s famous book. With t...

From our December issue, Penn Bullock explains that while Fed Chairman Ben Bernanke is typically portrayed as a follower of John Maynard Keynes, Bernanke's real inspiration is Milton Friedman.

By natalie_denne@westpac.co.nz (Westpac Institutional Bank) News and views Risk appetite again improved, pushing the S&P500 1.7% higher as we write, to a 13 month high. The main factors at play were the APEC meeting’s pledge to maintain stimulus measures, and an improved retail sales report meeting expectations. Supporting risk late in the sess...

By Michael Shedlock(noreply@blogger.com) The following video should make people think twice about listening to anything that Chairmen of the Fed Ben Bernanke says. It's a compilation of statements he made from 2005-2007 that will have your head spinning. Meredith Whitney Calls For Double Dip Recession

By Michael Shedlock(noreply@blogger.com) Earlier today, At the Economic Club of New York, Fed Chairman Ben Bernanke gave his Outlook for the Economy and Policy. His speech contains much self-serving claptrap about how Federal Reserve policy save the day. Nowhere has the Fed admitted its role in creating the mess.

Federal Reserve Bank Chairman Ben Bernanke spoke to the Economic Club of NY this morning. In the speech and the followup questions, Bernanke staked more of his credibility on the green shoots recovery that is rocking the USA; offered some fun unemployment breakdowns; and reiterated th...

By webmaster@nationalreview.com (Larry Kudlow) In an interview with CNBC’s Maria Bartiromo yesterday, Richmond Fed president Jeffrey Lacker refused to offer any clear sign as to when the central bank might finally end its zero-bound policy and begin raising rates. When asked whether he was worried about future inflation, Lacker sai...

By Michael Shedlock(noreply@blogger.com) 11. Stimulus Spending. Japan has already proven that Keynesian and Monetarist solutions cannot and do not work, yet we try anyway. Please see Will Stimulus Take Hold? for details. According to Rothbard "More nonsense has been written about balances of payments than about virtually any oth...

The United States is recovering from what some call the worst economic situation since the Great Depression, and while the government has played its role, leaders in the financial world have been pivotal in getting the nation's economy back on its feet. In this month's issue of U.S.News &am...

At a morning question-and-answer session in September, Federal Reserve Chairman Ben Bernanke remarked that technically, the recession was "very likely over." The stock market closed that day at a new high for the year.

By Michael Shedlock(noreply@blogger.com) To say that you and I have the ability to create inflation on our own flies in the face of monetary theory. If we did have a set of keys to the printing press, the Fed would have more than just inflation expectations to funnel through its feedback loop. Fed Uncertainty Principle

By Michael Shedlock(noreply@blogger.com) In April in Let the Criminal Indictments Begin: Paulson, Bernanke, Lewis I made the case that BAC chairman Lewis was guilty of fraud and Paulson was guilty of coercion in regards to the shotgun wedding between Bank of America and Merrill Lynch. Bank of America / Merrill Lynch Recap

By Tim Cavanaugh By now you've probably heard enough claims about what Ben Bernanke was saying or predicting in 2005 or 2006 that you're not sure which wrong prognostication the current Federal Reserve Bank chairman did or did not make. (Bernanke did not for example claim, "Blake is gonna wipe the floor wi...

By paradox I let it go at the time it happened, just another Republican in the Obama administration saying something stupid and offensive, but Bob Herbert of the New York Times has brought it up twice lately with oblique blows that demonstrate he was offended too, so it’s time to get it over with and st...

By Ian R. Campbell Yesterday Fed Chairman Bernanke is reported to have said something to the effect that the ‘economy probably is in recovery, but for those without jobs and at risk of losing jobs recovery will be long and slow in a period when unemployment rates are likely to go up somewhat from here before l...

By webmaster@nationalreview.com (Larry Kudlow) Fed head Ben Bernanke declared “the recession is very likely over at this point,” adding the phrase “from a technical perspective.” He said this during a question-and-answer session at the Brookings Institution today. Now let’s hope Team Obama doesn’t take over the whole economy.

By webmaster@nationalreview.com (Larry Kudlow) It’s no surprise that President Obama re-nominated Fed head Ben Bernanke to a second term as chair of the central bank. It was the path of least resistance. Essentially, the president argued that Bernanke was the guy who kept us out of a second Great Depression. Okay, fine. But now we must ask: I...

OAK BLUFFS, Mass. -- Declaring that Federal Reserve chair Ben Bernanke has led the U.S. "through one of the worst financial crises that this nation and this world have ever faced," President Obama re-nominated the Republican economist Monday morning to another term.

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

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

By Michael Shedlock(noreply@blogger.com) Please consider Bernanke Warns of Danger of Credit Market 'Relapse'. Federal Reserve Chairman Ben S. Bernanke warned that another shock to the financial system would undercut the central bank’s forecast that the U.S. recession will give way this year to a slow recovery.

By Michael Shedlock(noreply@blogger.com) Krugman: "I am rather a supporter of Mr. Bernanke at the Federal Reserve which is partly because I think he is the right man for the job, partly because before he was demoted to his current position he was a professor at Princeton University which is where I also teach.

By Mark Thoma Then in March, the Fed said that it will begin buying long-term Treasury bonds on the open market, hoping to push down long-term interest rates (by increasing the amount of money available for long-term lending) and thereby stimulate borrowing. The implication is that the Fed will finan...

By Michael Shedlock(noreply@blogger.com) U.S. taxpayers may not be done bailing out American International Group Inc. after the head of the Federal Reserve said a fourth rescue of the insurer was needed to keep the financial system from failing.

By webmaster@nationalreview.com (Larry Kudlow) Is inflation dead? While Ben Bernanke and most of the economics profession believes that it is, this is largely because of the Phillip’s curve -- which argues a trade-off between unemployment and inflation, or recession and recovery. Since jobs and the economy are falling, and unemploy...

By Greg Robb, MarketWatch WASHINGTON (MarketWatch) - Federal Reserve Board Chairman Ben Bernanke gave himself a cautious pat-on-the-back Tuesday, ... Bernanke: Federal Reserve To Enhance Communication, Continue Focus ... RTT News New York Times - Washington Post

Bernanke: Federal Reserve To Enhance Communication, Continue Focus ... RTT News So far, so good, on credit moves: Bernanke says MarketWatch Bernanke Begins ‘Thorough Review’ of Fed Disclosure Bloomberg Reuters - Voice of America

By info@reason.com (Jeffrey Rogers Hummel) Bernanke is betting that he can reverse the process before inflation gets out of hand. But that will require the Fed dumping billions worth of securities it has recently purchased back on the market. It is anybody’s guess when Bernanke will judge that the financial system is sound enough fo...

By paradox Looking over the latest astounding proposal from Bernanke at the Fed and Paulson from Treasury—subsidizing new home buyers with a ridiculous 4.5% 30 year mortgage—I think a plain fact needs to be stated much more clearly related to our earnest monetary officials: these guys are panicke...

By John Barack Obama has now announced his economic team, and the consistent theme is continuity with the policies of the Bush administration. Tim Geithner will be the new Secretary of the Treasury. He is so well respected on Wall Street that the market jumped five percent in an hour when his nomina...

By SusanG When Congress approved the TARP on Oct. 3, Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson acknowledged the need for transparency and oversight. Now, as regulators commit far more money while refusing to disclose loan recipients or reveal the collateral they are taking...

By Mark Thoma Policy Adrift, by Tim Duy: I understand the Federal Reserve Chairman Ben Bernanke is considered something of a sacred cow, our one point of light in an uncertain world. An academic who cannot be questioned by other academics. A smart person who has mastered the Great Depression and therefo...

By Kevin Phillips Economics professor Ben Bernanke, before replacing Alan Greenspan as Federal Reserve Board chairman in early 2006, had served almost three years as the Chairman of George W. Bush's Council of Economic Advisers. There he had been a cheerleader for Bush economic policies, including uppe...

By Andrew Leonard One of the lessons of this year's economic crisis is that the reputations of Federal Reserve chairmen are not written in stone the day they step down from their office. Alan Greenspan, lauded hither and yon as the Maestro, looks worse and worse each day, as we watch his Ayn Rand-influenced p...

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...

By BigJolly UPDATE: LOL, yes, for all of you that emailed me, I do know the difference between a stimulus package and a bailout. The intermixing was intentional. In practical terms, however, there is no difference. Both ideas take money that we do not have and give it away to those that do not deserve it, fo...

By The Huffington Post News Editors WASHINGTON — The country's economic health won't snap back quickly even if badly needed confidence in the U.S. financial system returns and roiled markets finally calm, Federal Reserve Chairman Ben Bernanke cautioned Wednesday. More on Ben Bernanke

Bernanke, who was to be appointed head of Bush's Council of Economic Advisers in 2005 and then chairman of the Federal Reserve Board in 2006, continually questioned the existence of a housing bubble, and argued that the "fundamentals" of the economy were sound (see John Bellamy Foster a...

By Jim Manzi I wrote a post called "Irresponsible Folly" on Monday that harshly criticized House Republicans who voted against the bailout. Within about two hours, I received over 250 emails, almost all critical of my views (topping the previous record for negative emails received after my critica...

The other bookend on the Bush years is this meltdown of epic proportions. We are bailing out the institutions that operated what Warren Buffett once called the financial weapons of mass destruction. Only this time, the mushroom cloud ? the threat of an economic catastrophe ? may be real.

By Brad The Treasury secretary Henry M. Paulson Jr. and the Federal Reserve chairman Ben S. Bernanke quickly returned to Capitol Hill to try to revive the proposal. One critical snag seems to be opposition to the $700 billion plan by conservative House Republicans.

What follows below is an unofficial transcript of my interview on Kudlow & Company last night with former Republican presidential candidate, Rep. Ron Paul of Texas. We talked about inflation, bailouts, the Fed’s role, Fannie & Freddie, and much more. Last night’s K&C market...

As banking and financial stocks lead the overall indexes down into bear-market territory, Fed head Ben Bernanke and Treasury man Henry Paulson are testifying today before Barney Frank’s House Financial Services Committee on ways and means to reform all manner of bank and securities d...

Federal Reserve Chairman Ben Bernanke told Congress today that the economy has emerged from its anemic spell, but overall growth for the year will be lower than expected. Inflation remains the chief concern, he said. Delivering a midyear Fed economic report to Capitol Hill, Bernanke str...

9:29: Federal Reserve Chairman Ben Bernanke begins two days of testimony before the House Committee on Financial Services. We only get two of these a year and this time around Bernanke decided to make us pay attention by not to telling Maria Bartiromo what he was going to say in advance of th...

By Melly Alazraki At 8:15 a.m. EDT, Federal Reserve chairman, Ben Bernanke is due to speak at a South African International Monetary conference on housing and the economy, with his speech due for delivery before the market open. Many will pay close attention to his speech and mentions of U.S. economy, inflatio...

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

By Jeannine Aversa WASHINGTON - Federal Reserve Chairman Ben Bernanke and his colleagues are expected to strike a reassuring tone about the country's economic health today despite persistent worries that problems with risky mortgages could spread.

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...

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...