Finally! For too long, Ben Bernanke and the Fed have been talking and acting as if our greatest risk were inflation, as if the dollar were a delicate flower and America were in danger of becoming Zimbabwe. With new monetary stimulus and bold rhetoric to accompany it, the Fed has made it clear that our greatest risk is stagnation, that …
bernanke
It’s Ben Bernanke’s Economy Now
Here’s why you should care about the Federal Reserve’s latest round of bond-buying, announced Thursday by the central bank: One man has assumed the task of getting the flagging U.S. economy back on track. He says he’ll work for …
The Fed Is Debating Whether to Give the Economy Another Jolt: Does Obama Care?
The most important news to emerge from the Federal Reserve’s June meeting and Chairman Ben Bernanke’s Wednesday testimony before Congress is that the central bank is open to taking further action to juice the economy if the recovery remains stalled, and that the Federal Open Market Committee is divided on what to do. Another round of …
Republicans Don’t Care If Default Boosts Deficits, Because They Don’t Care About Deficits
The Republican Party, after converting huge surpluses into huge deficits during the Bush era, after opposing deficit-reducing health reforms, student loan reforms and big-bank taxes during the Obama era, after continuing to clamor for trillions of dollars in deficit-expanding tax cuts while gutting House pay-as-you-go rules to make it …
Bernanke: Sharp Spending Cuts Could Hurt the Economy
Federal Reserve Chairman Ben Bernanke spoke again on Tuesday, but you didn’t miss much. He still thinks unemployment is way too high, and he still has no plans to do anything about it. His primary message didn’t change since …
Live Blogging the Paulson-Bernanke-Cox Show in the Senate
Our colleague Justin Fox is live blogging the Senate Banking Committee hearing I’m at this morning on Capitol Hill. The main attractions are Paulson, Bernanke and Chris Cox. So far, the most colorful moment came before the hearing started when Code Pink – an anti-war group that haunts congressional hearings – heckled Senators …