Federal Reserve Chairman Ben S. Bernanke’s response to Bloomberg News reporting regarding the Fed’s emergency lending to banks and other companies, although hardly complimentary, sounded a welcome note of engagement by the U.S. central bank in issues that frame one of the most important financial stories of our time.
Americans can take comfort knowing that Congress and the courts affirmed what may prove the most reassuring legacy of the worst financial disaster of our time: The Federal Reserve is the people’s bank and obligated to share what it knows and does with the citizenry it serves.
The European Central Bank allowed itself to be deceived by a default in the making and now refuses to share with the taxpaying citizens it represents the details of the deception. Secret and opaque financing got Europe into a mess that can only be resolved by the transparency of full disclosure.
The Bank of Japan’s unprecedented monetary easing will fail in its goal of spurring 2 percent inflation, according to Takahiro Mitani, president of the fund that manages the world’s largest pool of pension savings.
Matthew Winkler, editor-in-chief of Bloomberg News, talks about Bloomberg News' response to Federal Reserve Chairman Ben S. Bernanke's letter to four senior lawmakers yesterday that said recent news articles about the central bank's emergency lending programs contained "egregious errors."
Suntory Beverage & Food Ltd., the Japanese drinks maker that had Asia’s biggest initial public offering in 2013, plans to hold off on acquisitions for a year as it integrates past deals and bolsters existing operations.
Honda Motor Co. Executive Vice President Tetsuo Iwamura said the Japanese automaker will set pay based on reaching profitability targets, rather than government directives on how fast to increase compensation.
Federal Reserve Bank of St. Louis President James Bullard, a voter on policy this year who has backed record stimulus, said lowering the unemployment threshold for a possible interest-rate increase would risk credibility when the focus should be on raising inflation.