Former Federal Reserve Chairman Ben Bernanke etched a portrait Friday of his initial reluctance to have the central bank rescue American International Group Inc. in 2008. But he ultimately came to believe the $85 billion bailout loan to the company was needed to avert a shock to the financial system.
Ben Bernanke, who stepped down last month after eight years as chairman of the Federal Reserve, is planning a memoir.
When Janet Yellen makes her first public remarks Tuesday since succeeding Ben Bernanke as Federal Reserve chair, her every word will come under scrutiny.
Janet Yellen has been sworn in to succeed Ben Bernanke, becoming the first woman to lead the Federal Reserve in its 100-year history.
Federal Reserve Chairman Ben Bernanke said Friday that factors which have kept the economy from accelerating appear to be abating, and he predicted stronger growth in 2014.
The U.S. economy is growing faster, corporate profits are rising and companies are laying off the fewest workers in six years.
President Barack Obama has nominated Janet Yellen, the Federal Reserve’s vice chair, to be chairman of the nation’s powerful central bank, succeeding Ben Bernanke.
Janet Yellen is now the clear front-runner to be nominated as chair of the powerful Federal Reserve and her status as President Barack Obama’s second choice, while awkward, could ultimately serve as an asset during confirmation and in the central bank’s top job.
Bette Midler wouldn’t normally be expected to trumpet her opinion on who should be the next chairman of the Federal Reserve.
President Barack Obama is not a fan of The Huffington Post.