Tags » Ben Bernanke

Jerome Powell's unusual quest at the Fed: define what's "normal" for the US

Jerome Powell’s work finally begins.

Today (March 21), the Federal Reserve raised rates for the sixth time since 2015, bringing the rate banks must pay to borrow funds to 1.75%. 413 more words

Deutsche Bank executive woes continue

Deutsche Bank announced over the weekend that its top C-Suite executives would not be getting a bonus again this year.

CEO John Cryan strangely made the announcement Friday night at Austin’s South By Southwest conference, stating that for the third consecutive year top execs would forego year end payouts as the bank struggles to pull itself out of the mire of questionable trading practices. 217 more words

Economy

Notes From Underground: Overheated to Overrated

In his first Congressional testimony as Fed Chairman Jerome Powell didn’t surprise as he was measured and succinct in presenting a more market-based approach to monetary policy. 882 more words

Fed

“Virtual currencies may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.”

—Ben Bernanke.

Thought For Today

Is Our Housing Supply Catching Up?

The Mortgage Corner

Nationwide housing starts rose 13.7 percent in October to a seasonally adjusted annual rate of 1.29 million units after a slight upward revision to the September reading, according to newly released data from the U.S. 604 more words

Weekly Financial News

Janet Yellen:  time to move on

Today, Donald Trump appointed Jerome Powell as the next chair of the Board of Governors of the Federal Reserve system (Fed) replacing Janet Yellen.  The announcement was expected as Powell must now prepare himself to go through the… 437 more words

Politics