The Bretton Woods economic conference would make a great movie: Dashing celebrity economist John Maynard Keynes of the U.K. squared off against U.S. Treasury official Harry Dexter White, who was later revealed to be a Soviet spy.
Stan Collender, a partner and national director of financial communications at Qorvis Communications LLC, told his old friend David Wessel that if he ever wrote a book about the national budget, Collender would host the book party.
Over the past four years, the Federal Reserve has become the most important branch of government. It has acquired unprecedented powers over almost all aspects of American life. It has also become much more politicized than at any time in living memory. Expect further attacks on its independence and integrity at election time. The spirit of Andrew Jackson lives on.
Dave Cook is proud of his logo. The host of the Christian Science Monitor’s weekly Monitor Breakfast considers the cheerful yellow sun, blazing prominently behind the event’s speakers, a branding opportunity. “We’ve gotten unabashed in our marketing fervor in our old age,” said Cook, the publication’s Washington bureau chief.
Federal Reserve Chairman Ben Bernanke is taking flak from international policy types for his latest foray into quantitative easing. He had to defend his actions to economists and former policy makers at a Jekyll Island, Georgia, conference last week. He even had to submit to a “cease and desist” order from Mama Grizzly Fed Watcher extraordinaire, Sarah Palin .
Barclays Plc, the bank fined for Libor manipulation, hired former Financial Services Authority Chief Executive Officer Hector Sants as head of compliance and government and regulatory relations, a newly created role.