Ben Bernanke News

PIMCO C.E.O. says the U.S. will reach double digit unemployment earlier. El-Erian also says he will give Treasury Secretary Geithner and Fed Chief Ben Bernanke an 'A' for their efforts to revive the credit markets.

In 2001, Colin Seymour published an article entitled 1927-1933 Chart of Pompous Prognosticators.

As the White House begins to ponder whether to reappoint or replace Ben Bernanke when his term expires in January, the Federal Reserve chairman's standing on Wall Street is on the rise while attacks on him from Congress mount.

July 9 -- Mortgage rates in the U.S. fell for a second consecutive week, easing concern that a Federal Reserve plan to lower the cost of home loans had lost momentum.

With Federal Reserve Chairman Ben Bernanke's term expiring in January, the White House faces a big decision on whether to reappoint him.

Everyone from Alan Greenspan all the way down the economic food chain agrees the housing market is the key to a U.S. recovery.

The market plunged 2.5% in one trading session just two days into the third quarter.

Although Wall Street rebounded strongly and posted a three-month rally from March to May after raching 12-year lows March 9, analysts expect the U.S. equity market to be boring in the second half of 2009.

California, Michigan and South Carolina suffered the most financial pain in May as unemployment, home foreclosures and bankruptcies rose, according to The Associated Press' monthly analysis of economic stress in more than 3,100 U.S. counties.

PREDICTIONS of an early economic recovery may be a false dawn because they are mainly due to government spending and company restocking, an economist with the Economist Intelligence Unit said.

Busted: Life Inside the Great Mortgage Meltdown By Edmund L. Andrews W. W. Norton, New York: May 2009 Hardcover, 240 pages, $25.95, 240 pages Gimme Shelter By Mary Elizabeth Williams Simon & Schuster, New York: March 2009 Hardcover, 336 pages, $26.00 If there is anybody who should have avoided the mortgage catastrophe, it is me.

I'd like to start this week by making some clarifying points about last week's column in which I expressed concern over Congress' treatment of the chairman of the Federal Reserve.

So you think China's 6 per cent growth will power a global recovery. Think again.

WASHINGTON Mounting job losses rattled hopes Thursday that the economy is on track to grow later this year, showing that prospects for American workers are terrible and still getting worse.

With various bills intending to reshape how the insurance industry is regulated now advancing in both houses of Congress, Leigh Ann Pusey stepped into the legislative equivalent of a maelstrom when she became president and CEO of the American Insurance Association in February.

The Founding Fathers left one legacy not celebrated on Independence Day but which affects us all.

Employers cut a larger-than-expected 467,000 jobs in June and the unemployment rate climbed to a 26-year high of 9.5 percent.

Americans lucky enough to still have a job are noticing something unpleasant in their paychecks: They're making less money.

"Sell all California paper now!" says Martin Weiss. Sounds like good advice. The petty, brain-dead politicians in California are still engaged in their suicidal, ideological stand-off. Thus, there is absolutely no reason to believe the state has either the will or the sense to take any meaningful steps to come up with the mandatory $24 billion in ...

July 2 -- Mortgage rates in the U.S. fell this week, easing concern the Federal Reserve plan to lower rates by purchasing mortgage-backed securities was losing momentum.