Janet Yellen has some rewriting to do.
Janet Yellen probably will confront a test during her tenure as Federal Reserve chairman that both of her predecessors flunked: defusing asset bubbles without doing damage to the economy.
Investor Warren Buffett enjoyed learning more about how his son tries to tackle world hunger, while fellow billionaire Carlos Slim studied how General Motors Co. and AT&T Inc. reinvented themselves.
Federal Reserve policy makers are improvising as they debate embarking on a second round of unconventional monetary stimulus, said Alan Blinder , former vice chairman of the U.S. central bank.
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.
The economic impact of the recent U.S. fiscal impasse will be “modest” and the implications for consumer spending are easy to overstate, said former Federal Reserve Vice Chairman Alan Blinder.
Former Federal Reserve Vice Chairman Alan Blinder trimmed his forecast for U.S. growth while saying it’s unlikely the nation will slide back into a recession.
Limiting leverage is “a crucial part” of guarding against future financial meltdowns, said Alan Blinder, former Federal Reserve vice chairman and current Princeton University economics professor.
Weak economic growth and a slowing labor market in the U.S. underscore the need for more fiscal and monetary stimulus, said Alan Blinder, former vice chairman of the Federal Reserve.
"Unless that happens, the budget deficit as a share of GDP and therefore the national debt as a share of GDP is headed off for the wild blue yonder."
- Alan Blinder on Oct 30, 2013
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