Search results
Results From The WOW.Com Content Network
Ben Shalom Bernanke [2] (/ b ər ˈ n æ ŋ k i / bər-NANG-kee; born December 13, 1953) is an American economist who served as the 14th chairman of the Federal Reserve from 2006 to 2014. After leaving the Federal Reserve, he was appointed a distinguished fellow at the Brookings Institution .
Federal Reserve Chairs (left to right): Janet Yellen, Alan Greenspan, Ben Bernanke, and Paul Volcker.Photo taken 1 May 2014, when Yellen was Chair. As stipulated by the Banking Act of 1935, the Chairman is chosen by the president from among the sitting governors to serve four-year terms with the advice and consent of the Senate.
The Board obtains its funding from charges that it assesses on the Federal Reserve Banks, and not from the federal budget; however, since net earnings of the Federal Reserve Banks are ultimately remitted to the US Treasury, [5] and spending by the Federal Reserve System reduces the size of these remittances, the effects of this source-of ...
The 12 regional reserve banks are supposed to voice the concerns of consumers and businesses throughout their districts in wider rate-setting meetings; yet, the board is also supposed to be ...
Current RNC chair Ronna McDaniel announces that the party recognizes Donald Trump as the Republican Party’s presumptive nominee — the RNC’s 168-member body gives a standing ovation ...
On January 6, 2014, she was confirmed as chair of the Federal Reserve by a vote of 56–26, [80] the narrowest margin ever for the position. [81] Yellen was a trailblazer as the first woman to head the U.S. central bank, or any major central bank , and the first Democrat to do so since Paul Volcker assumed that position in 1979 via President ...
Federal Reserve Chair Powell, ... "The trip down is likely to be much slower than the series of interest rate hikes which quickly pushed the federal funds rate higher by 5.25 percentage points in ...
Ed Yardeni, president of Yardeni Research, told Barron's the idea would "create a lot of noise in the market" and would create a situation where investors would have to decide which Fed chair, the present one or the future one, had the greatest weight in terms of the decisions the Federal Open Market Committee (FOMC), the Federal Reserve's main ...