LATEST NEWS : Big Banks Headed Straight for Another Bailout

Former Federal Reserve chairman Ben Bernanke had a striking assessment of the dangers faced by the U.S. economy in 2008, according to a recently disclosed documentfiled as part of the ongoing litigation related to the government bailout of American International Group. Bernanke reportedly said that 12 of the 13 largest U.S. financial institutions were on […]

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Yellen says Fed on track to keep trimming stimulus

(Reuters) – Federal Reserve Chair Janet Yellen said on Tuesday the U.S. central bank was on track to keep reducing its policy stimulus, even as she acknowledged the labor market recovery was “far from complete.” In her first public comments as Fed chief, Yellen said the central bank would need to keep its eye on […]

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Analysis: Only time will define Bernanke's crisis-era legacy at Fed

(Reuters) – Ben Bernanke did not hesitate when asked whether he was confident that his signature response to the Great Recession would work. “Well, the problem with QE is that it works in practice but it doesn’t work in theory,” the head of the U.S. Federal Reserve quipped earlier this month during his last public […]

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Why Bernanke may have ended gold's bear market

“When Ben Bernanke announced that the Federal Reserve would not reduce the pace of its $85 billion-per-month quantitative easing program, gold greeted the news with open arms. The yellow metal promptly added more than $50 after Wednesday’s news to hit the highest level in a week. But Peter Boockvar says we’ve only seen the beginning […]

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Fed's Bullard: Inflation low for now, but could be excessive in the future

“The low U.S. inflation rate is a worrisome sign for the country’s economy, and there is not much evidence it is heading higher, a senior U.S. Federal Reserve official said on Wednesday, adding that price pressures would be under scrutiny as policymakers weigh tapering monthly bond purchases. “Inflation has been running very low. I have […]

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Marc Faber: The Fed Will Increase QE

“Marc Faber was characteristically pessimistic during his interview with Sprott Money late last month. “I don’t think they will end QE. I rather think they will have to increase it, because as you print money or as you purchase assets, from a central banking point of view, it loses its impact over time. In order […]

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