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A Senate panel on Thursday approved the nomination of Federal Reserve Chairman Ben Bernanke to run the nation's central bank for another four years.
European markets followed Asian stocks higher Friday as a big improvement in China's exports pointed to rising global demand that could lift other trade-reliant economies. Meanwhile, investors awaited U.S. retail sales data, expected to be the day's main market mover.
A key Senate panel will vote next week on Ben Bernanke's nomination for a second term as Federal Reserve chairman.
Irked by the Federal Reserve's bailout of Wall Street, Sen. Bernie Sanders of Vermont said Wednesday that he will seek to block the Senate from confirming Ben Bernanke to a second term as chairman of the nation's central bank.
Stock futures are pointing to a mixed open as investors are appearing to look to book profits on the week's long rally.
Analysts, lawmakers and the financial industry generally reacted positively to news that Ben Bernanke would be re-nominated as Federal Reserve chairman. But some offered a dose of constructive criticism.
President Barack Obama announced Tuesday he wants to keep Ben Bernanke on as Fed chairman, saying he shepherded America through the worst economic crisis since the Great Depression.
Investors need to make a decision in the coming days: Should they trust Ben Bernanke's encouraging words about the future, or give in to worries about weak consumer spending?
Last year, as the gravest financial crisis since the Great Depression shook the banking system, Ben Bernanke seemed nearly as beleaguered as the institutions themselves.
Asian stocks were modestly higher Friday, but worries about tighter government policies sent China's markets lower for a second day.
The stock market's rally plodded along Thursday, sustained by gains in financial and industrial shares.
The share of Americans who think the Federal Reserve is doing an excellent to good job has sunk even as chairman Ben Bernanke has taken unprecedented steps to try to prevent a financial catastrophe, according to a new poll released Monday.
Ben Bernanke put himself at odds with the Obama administration Wednesday by resisting its plan to create a consumer protection agency for risky financial products. The Federal Reserve chief said those responsibilities should stay with the central bank.
Asian stock markets climbed Thursday amid sustained hopes for a recovery in major economies from Japan to the U.S.
Reliable economic statistics produced by the U.S. government are important to Federal Reserve policymakers as well as millions of ordinary Americans wanting to keep tabs on jobs, wages and prices at stores, Fed chairman Ben Bernanke said Friday.
Ben Bernanke has done something no other Federal Reserve chairman has done before: cut rates to near zero and resorted to unconventional tools to lift the country out of recession.
While acknowledging that the Federal Reserve was "extremely uncomfortable" about last year's bailouts of big financial companies, Fed Chairman Ben Bernanke said Friday the central bank's strategy to ease the financial crisis is working.
Investors restarted Wall Street's rally Tuesday, buying financial and homebuilder stocks following a surprisingly upbeat report on home construction.
Asian stock markets rebounded Wednesday as hopes China would expand measures to revive its economy countered growing signs of economic decay in the U.S. and other major countries. Shanghai's index jumped more than 6 percent.
World stock markets fell sharply Tuesday as ongoing gloom surrounding the banking sector offset any optimism generated by the inauguration of Barack Obama as president.
World stocks surged Monday as lower interbank lending rates fueled hopes that credit markets are returning to normal and Federal Reserve chairman Ben Bernanke gave his support to more fiscal stimulus in the U.S.
Ben Bernanke didn't sugarcoat the situation. He couldn't.
Wall Street companies didn't borrow from the Federal Reserve's emergency lending program over the past week while commercial banks scaled back, sending a sign of some improvements in credit strains.
Stocks headed for a modestly lower open Wednesday as rebounding oil prices drained away the momentum from Wall Street's big Tuesday rally.
Ben Bernanke's Huge Mistake About The Crisis Will Screw Us All. by John Carney. Jan. 4, 2010, 1:30 PMhe grimmest news of the new year has to be the fact that Fed chairman Ben Bernanke still has no clue about the causes of our financial crisis or what measures need to be undertaken to avoid another crisis.
Bernanke Says Rate Increases Must Be an OptionATLANTA -- Federal Reserve Chairman Ben Bernanke cracked the door open a bit more to the idea of raising interest rates if a new financial bubble emerges.
Person of the Year: Ron PaulPeople often mistake being named Time's "Person of the Year" as an honor, but that men as sinister as Adolph Hitler, Josef Stalin and Rudy Giuliani have all been given the title suggests otherwise.
Are we making the same mistakes with the banks that we did leading up to war in Iraq?A British government report admitted this month that one of the major rationales for invading Iraq -- the claim that Saddam Hussein could deploy weapons of mass destruction in 45 minutes -- probably came from a cab driver.
Tiger Woods, Person of the YearAS we say farewell to a dreadful year and decade, this much we can agree upon: The person of the year is not Ben Bernanke.
Time Magazine Names Bernanke 'Person of the Year'Federal Reserve Chairman Ben Bernanke has been named Time magazine's "Person of the Year" for 2009.
Academics Spar With Populists Over Fed AuditsIn a letter to leaders on the Senate Banking Committee and House Financial Services Committee, the economists say a bill proposed by Rep.
High-stakes duel between Rep. Paul and chairman Bernanke intensifies - TheHill.comRon Paul got into politics in order to audit the Federal Reserve. He has the chairman Ben Bernanke back into a corner. Go Ron Go!
Bernie Sanders (I-VT) Puts Official Hold on Bernanke Nomination - "the American people did not bargain for was another four years for one of the key architects of the Bush economy"Senator Bernie Sanders, Independent Socialist of Vermont, announced today that he has put an official "hold" on the re-nomination of Federal Reserve Bank Chairman Benjamin Bernanke.
Bernanke has Dick-Cheneyesq Approval Ratings; Just 21% Favor His Reappointment As Fed ChairmanBen Bernanke begins the formal process tomorrow for confirmation to a second term as chairman of the Federal Reserve Board, but 41% of Americans think President Obama should name someone new to the post.
In October of this year, Timmothy Geithner in Congrssional Testimony in answer to a question posed to him said: "I have never been a regulator." SOURCE Yet, in an article written by Ben Bernanke in the Washington Post this weekend writes:
Indian Monetary Authority to buy 200 tonnes of IMF goldRBI's decision to shore up its gold reserves needs to be seen in the context of other central banks across the globe increasing their gold reserves.
Money Supply Timebomb and Fiscal Nightmare Although most commentators haven't said much about it, I think Bernanke used the financial crisis to incredibly expand the power of the Federal Reserve, relative to traditional branches of government.
The Chinese Disconnect - Paul Krugman New York Times Op-Ed ColumnistSenior monetary officials usually talk in code. So when Ben Bernanke, the Federal Reserve chairman, spoke recently about Asia, international imbalances and the financial crisis, he didn't specifically criticize China's outrageous currency policy.
REUTERS: Fed Playing Politics on Executive Compensation?Reuters takes a look at the Federal Reserve's roll in imposing limits on the compensation levels of executives and explores the role of political pressure played in their recent decision to begin regulating some compensation.
Bernanke is between an Overheated Printing Press and a Hard PlaceRecent actions of the world's central banks have sent a warning shot across the bow of the ship known as the Federal Reserve.
Gary Null's reply to Rabbi Michael Lerner.
Grayson calls on American public to 'Unmask the Fed'Grayson wants access to the Bear Stearns rescue paperwork as well as the details of which financial institutions received $1.2 trillion in bailout money, how much each institution received, and what was promised in return.
Dollar loses reserve status to yen & euroBen Bernanke's dollar crisis went into a wider mode yesterday as the greenback was shockingly upstaged by the euro and yen, both of which can lay claim to the world title as the currency favored by central banks as their reserve currency.
Don't Confirm Bernanke Until the Fed is Audited: UnMaskTheFed.comRead the article. A new website (by new congressional hero Alan Grayson) makes it easy to contact senators to encourage delay of confirmation of Bernanke until the Federal Reserve is audited.
What's the difference between Organized Crime and Goldman Sachs and the Finance Industry in general?
Everything Is Bright and Sunny Again, Unless You Have to Work for a LivingEverything is bright and sunny again, unless you have to work for a living. The news here is less good. The economy lost more than 260,000 jobs in September, with the unemployment rate reaching 9.8 percent.
Alan Grayson And Ron Paul Ask Whether Bernanke Is "Fit To Serve" So anyway, sticking to the subject, here is the warranted list of information that Grayson and Paul have demanded to be produced by the Fed in order to evaluate whether or not the Chairman with a dollar deathwish deserves a second term:
A Bigger Bank Bust Is On The WayThis weekend is the one-year anniversary of the bailout. But the Daily Beast's Nomi Prins says the too-big-to-fail banks have only gotten bigger—and much worse could be on its way.
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