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Ben S. Bernanke
Latest Ben S. Bernanke Items
With the Senate's approval Monday of Janet Yellen to become the first female Federal Reserve chair at the end of the month, she takes on the difficult mission of smoothly ending the unprecedented $4 trillion of stimulus programs launched by her predecessor, Ben S. Bernanke.
The Senate Monday voted 56 to 27 to confirm Federal Reserve Board vice chairman Janet Yellen as the next chairman, succeeding Ben S. Bernanke when he departs Jan. 30.
The Federal Reserve's long-delayed decision to start pulling back from its multi-trillion-dollar stimulus program was filled with self-doubts about the still-shaky Obama economy.
Citing underlying strength in the recovering U.S. economy, the Federal Reserve surprised world financial markets Wednesday by cutting back its bond purchase program by $10 billion a month in 2014.
As the vote on Obamacare approached in 2010 — a year when the budget deficit was a staggering $1.3 trillion — the Democratic majority ignored the opposition's concerns about the costs and unintended consequences of restructuring the entire health care system.
Janet Yellen, President Obama's pick to be the next head of the Federal Reserve, is vowing to maintain the central bank's ultra-easy policies on interest rates until she sees more convincing growth in the economy and job market, in prepared testimony to be delivered at her Senate confirmation hearing Thursday.
From Capitol Hill to Wall Street, Janet Yellen is receiving strong early support as she looks to take over for Ben S. Bernanke as the first chairwoman of the Federal Reserve starting in 2014.
President Obama on Wednesday will nominate Janet Yellen, a loyal lieutenant of Federal Reserve Chairman Ben S. Bernanke and an economist dedicated to improving the nation's job prospects, to become the first woman to head the century-old central bank.
President Obama is been shopping for a replacement for the chairman of the Federal Reserve, to be installed once Ben S. Bernanke rides into the sunset in January. Given the names floated so far, the printers where the currency presses are shouldn't count on a break any time soon.