In little more than a decade, Promontory Financial Group LLC has evolved into a new kind of Washington player tapped by banks including Morgan Stanley and Citigroup Inc. to resolve regulatory disputes behind the scenes.
Former Federal Reserve Vice Chairman Alan Blinder said the central bank cannot accurately predict asset-price bubbles, and that no risk-free strategy exists as policy makers try to boost employment and the economy.
Former Federal Reserve Vice Chairman Alan Blinder and David Leonhardt of the New York Times talk with Charlie Rose about Fed Chairman Ben S. Bernanke's news conference yesterday after the central bank said it will keep up its bond buying at a pace of $85 billion a month. ("Charlie Rose" airs weeknights on PBS and Bloomberg Television. Source: Charlie Rose)
U.S. budget cuts scheduled for March 1 are “small beer” compared with challenges faced earlier this year, including the so-called fiscal cliff, according to Princeton University economics professor Alan Blinder.
Helene Rey made a side trip on her way to the hospital to give birth to her daughter in September 2006: She stopped off at the main office of London Business School, where she teaches economics, to turn in a report on a doctoral defense.