Posts Tagged ‘Bernanke’

Ben S. Bernanke officially kicked off his second term as Federal Reserve chairman Wednesday with a simple message for those who criticized him during a bruising Senate confirmation battle: I hear you.

The Senate on Thursday confirmed Ben S. Bernanke for a second term as Federal Reserve chairman, but he scraped by with the narrowest margin in the history of the position and his weakened political standing could weigh on the central bank’s ability to maneuver for years to come.

The Senate on Thursday confirmed Ben S. Bernanke for a second term as Federal Reserve chairman, but he scraped by with the narrowest margin in the history of the position and his weakened political standing could weigh on the central bank’s ability to maneuver for years to come.

The outlook for Ben S. Bernanke’s confirmation to a second term as Federal Reserve chairman brightened over the weekend, as the Obama administration and key senators expressed confidence in his prospects.

The outlook for Ben S. Bernanke’s confirmation to a second term as Federal Reserve chairman brightened over the weekend, as the Obama administration and key senators expressed confidence in his prospects.

The populist brushfire that has burned through Democratic fortunes this week threatened Friday to claim Federal Reserve Chairman Ben S. Bernanke, imperiling his nomination for a second term and sending an unsettled stock market tumbling for the third straight day.

Three more senators, Sens. Barbara Boxer (D-Calif.), Russell Feingold (D-Wis.) and Byron Dorgan (D-N.D.), announced Friday their opposition to a second term for Federal Reserve Chairman Ben Bernanke.

Federal Reserve Chairman Ben S. Bernanke said Tuesday that he would “welcome a full review” by government investigators into the federal bailout of the troubled insurance giant American International Group.

Better regulation is the key to avoiding future financial excesses, Federal Reserve Chairman Ben S. Bernanke said Sunday, arguing that the Fed’s low-interest-rate policies early in the decade were not a major cause of the housing bubble.

With all the chatter in the media about Congress spending $500 Billion for this and $500 billion for that, we thought it worthwhile to put all that cash in perspective. I have held a few $20 bills in my hand, so I can imagine what a few hundred dollars would look like, or perhaps even one thousand dollars. But a million dollars? A billion dollars?

This is $10,000 in $100 bills.

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“Throw in a few billion here and a few billion there, and before you know it, you are talking about real money…” . I don’t recall who first coined that phrase, (I think it was in the late ’80s), but when I first heard it, it was Millions not Billions! (more…)