Macroeconomic Advisers News
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Bond investors are gaining confidence that Federal Reserve Chairman Ben S. Bernanke will unwind the central bank’s unprecedented $3.3 trillion balance sheet without sparking a crash similar to 1994, when Alan Greenspan surprised the market by doubling benchmark lending rates in 12 months.
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It’s not paying to be either an insider or the favorite when it comes to landing the top job at a Group of Seven central bank.
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Federal Reserve Vice Chairman Janet Yellen has the “right of first refusal” to become the next leader of the central bank when Ben S. Bernanke’s term ends in January, said former Fed governor Laurence Meyer.
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Federal Reserve Vice Chairman Janet Yellen has the “right of first refusal” to become the next leader of the central bank when Ben S. Bernanke’s term ends in January, said former Fed governor Laurence Meyer.
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Ben S. Bernanke is tightening his control of Federal Reserve communications to ensure investors hear his pro-stimulus message over the cacophony of more hawkish views from regional bank presidents.
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David Stockton, the former top economic forecaster for Federal Reserve Chairman Ben S. Bernanke and former chairman Alan Greenspan, has joined Macroeconomic Advisers LLC as a senior adviser.
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Two regional Federal Reserve presidents said they want the Fed to keep buying bonds through the end of 2013, while a third official said the central bank isn’t doing enough to spur economic growth.
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Marissa Mayer’s decision to order Yahoo! Inc. staff to work in the company’s offices runs counter to new research published by the National Bureau of Economic Research.
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Six o’clock usually is the dinner rush at the Athenian, when military officers and defense contractors cram into booths for gyros and ouzo at this family- run Greek restaurant in Aurora, Colorado.
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State and local governments are in their best financial shape since the recession, giving them leeway to cushion the U.S. economy from federal budget cuts with spending and hiring of their own.
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