Bernanke: Dump Jackson, not Hamilton, on dollar bills

Jun 23, 2015

Bernanke: Dump Jackson, not Hamilton, on dollar bills

Former Federal Reserve chief-turned blogger Ben Bernanke is calling for the U.S. Treasury to abandon plans to drop Andrew Hamilton from his featured spot on the $10 bill and to dump Andrew Jackson from the $20 instead. Bernanke wrote Monday that he is “appalled” ...

Jun 10, 2015

WSJ: China to have 'upper hand' with veto power over AIIB

China will ultimately have “veto power” over major decisions of the new Beijing-led Asian Infrastructure Investment Bank, the Wall Street Journal reported on Tuesday. The AIIB, which will be based in the Chinese capital, has 57 prospective members, but the United States and Japan ...

Fed tipped to keep stimulus trim despite market turbulence

Jan 28, 2014

Fed tipped to keep stimulus trim despite market turbulence

Just as Ben Bernanke prepares to turn the chairmanship of the Federal Reserve over to Janet Yellen, global markets are on edge over the prospect that she’ll extend a policy he began: a steady pullback in the Fed’s extraordinary economic stimulus. Managing a slowdown ...

Yellen aims to take over Herculean effort at Fed

Oct 10, 2013

Yellen aims to take over Herculean effort at Fed

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President Barack Obama formally nominated Janet Yellen as the 15th chair of the Federal Reserve on Wednesday, ensuring that the powerful U.S. central bank will be led for the next four years by someone who shares the basic philosophy of the current chairman, Ben ...

Sep 22, 2013

The Fed's surprise decision

The decision by the U.S. Fed to continue its bond-buying program surprised financial market players who had thought that the U.S. was on a path of gradual economic recovery.

Fed approves rules requiring banks to set aside more capital

Jul 3, 2013

Fed approves rules requiring banks to set aside more capital

The Federal Reserve Board on Tuesday ordered banks to set aside more capital as a cushion against losses, bringing the United States in line with developing international standards and opening the door for a set of tougher rules for the nation’s biggest financial institutions. ...