It was
time for the FED Chairman to make his legislated appearance to Congress and Mr. Bernanke rightly refrained from being dragged into the battle over the budget.
Not exact matches
The FORM Act also calls
for an annual GAO audit of the Federal Reserve, doubles the number of
times the
Fed Chairman testifies before Congress, and makes some other tweaks to the makeup and protocol of the Federal Reserve Board.
The Federal Open Market Committee and the European Central Bank are not only no longer offering a combined stimulus, they are a net drain on liquidity
for the first
time since stimulus was first introduced by former
Fed Chairman Ben Bernanke.
Fed Chairman Jerome Powell appears before Congress
for a second
time Thursday, and it's not likely he will change the comments that sent stocks and bonds reeling Tuesday.
Now, though, we've got a new
Fed chairman who is,
for the first
time in decades, not an academic by training.
If the Federal Reserve is notorious
for being vague and ambiguous — former
Fed Chairman Alan Greenspan was particularly famous
for his use of «Fedspeak» — the central bank has been unequivocally clear about what America needs: a universal real -
time payment network.
Hopefully, like Churchill who prepared
for WWII many year in advance, the new
Fed Chairman Ben Bernanke, who has studied the depression era extensively, is also well prepared
for the worst of
times in one or two generations.
This week, Powell presided over a
Fed policy meeting
for the first
time since becoming
chairman.
This week, Powell presided over a
Fed policy meeting
for the first
time since becoming
chairman.