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Bernanke’s Bid for a Second Term at the Fed Hits Resistance
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Senators opposed to renomination of Bernanke to Fed chairman position include Boxer, Feingold, Sanders, and a non-commital Reid. Growing crtiticism of the Fed and the cozy relationship between Bernanke, Geithner, Summers, and the bankers. The role of Bernanke in the Greenspan years of low interest rates and high liquidity both in Congress and in the country as the national mood changes.
Ben Bernanke, Federal Reserve chairman's role in the Rescue Plan in the global financial crisis Sept-October 2008.
10/14/2008
Bernanke's role in the financial crisis of Sept 2008.
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President Obama and Arne Duncan's community college intiative.
01/28/2009
Obama's proposal will invest $12 billion in savings from the federal education lending programs into community colleges. The idea is to expand graduation rates by about 5 million with certificate progras of 6months to ayear that would train people especially the jobless for new jobs in growing fields. Its crucial to meeting the growing mismatch between job requirements of jobs going unfilled and the qualifications of jobless people.
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U.S. Schools Chief Arne Duncan Labors to Straddle Political Divide
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Arne Duncan: Better education starts with honesty about achievement gaps - The Washington Post
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Ending the ‘Race to the Bottom’
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Obama Attacks on Economy and Seeks Billions for Community Colleges
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Allan Meltzer's action plan for the economy includes reversing the excessive monetary easing starting now in October 2009 so that it can be done gradually and not hurt the economy through sudden contraction later on.
10/01/2009
Allan Melzer was co-founder an co-chairman of the Shadow Open Market Committee for over two decades, advisor to Presidents Kennedy and Reagan, and one of the foremost experts on the Federal Reserve System. He calls for the U.S. Federal Reserve to adopt an early exit strategy from loose monetary policies.
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Once Again, the Fed Shies Away From the Exit Door
Wall Street Journal 07/11/2013
Bhidé and Phelps: Central Banking Needs Rethinking
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Preventing the Next Financial Crisis
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Is the U.S. Economy Turning Japanese?
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Economist 10/15/2009
Jobs Now, Deficit Reduction Later
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Criticism of Bernanke's role at the Federal Reserve
01/02/2009
The difficult renomination and the subsequent 70-30 vote with 30 Senators opposed including Boxer, Feingold, Sanders and others. This follows Ron Paul's criticisms in Congress of the Fed's role- see that link group.
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Martin Feldstein: The Federal Reserve's Policy Dead End
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Bhidé and Phelps: Central Banking Needs Rethinking
Wall Street Journal 07/16/2013
Fed Chairmanâs Departure Casts a New Light on the Bush Legacy
New York Times 07/26/2013
Wanted: A Boring Leader for the Fed
New York Times 08/20/2013
Wall Street Journal 09/15/2013
What's Needed in the Next Fed Chief
New York Times 09/15/2013
Central bank governors Ben Bernanke, Mario Draghi, Stanley Fischer, Mervyn King and the MIT Economics Department
01/28/2008
Ben Bernanke and Mervyn King once shared an office as professors at MIT. Stanley Fischer was Draghi's and Bernanke's PhD. advisor. The MIT economics department fostered a view in the 1990's in which central banks played an active role when markets failed and the economy stumbled. This followed a period of post-Keynes views at the universities of Rochester, Minnesota, and Chicago, that markets operated on rational expectations and needed minimal intervention by central banks.
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A Hawkish Signal Bernanke Didn't Send
Wall Street Journal 06/25/2013
In Shift, Bank of England Pledges Low Rates
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Wanted: A Boring Leader for the Fed
New York Times 08/20/2013
Stanley Fischer, Fed Nominee, Has Long History of Policy Leadership
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Janet Yellen and Fed Predecessors Find Common Ground Onstage
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MIT Forged Activist Views of Central Bank Role and Cinched Central Bankers' Ties
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Lessons from the 1997 Asian Financial Crisis, the example of South Korea and other countries.
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The lessons S. Korea shares with the G20 from its banking crisis in the late 1990's, with nonperforming loans of banks at 40-50% of GDP according to the Federal Reserve Bank of Chicago. Banks had to be merged, closed or nationalized using BIS standards for reserves in a short time. It also led to asevere contraction in the Korean economy as banks not only stopped making loans but called in outstanding loans. This contraction reached minus 7% in the second and third quarters of 1998. The bigger challenge now is how to resolve the bad asset problem without seeing such huge hits to the American economy which would further depress the global economy and have unforeseen consequences. Already Comerice department estimates are for a 6.3% contraction in the US econmy for 4th quarter 2008.
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Seoul Forum Helps Heal IMF Wounds
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In Japan’s Stagnant Decade, Cautionary Tales for America
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Treasury’s Got Bill Gross on Speed Dial
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A Year After a Cataclysm, Little Change on Wall St.
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Bernanke’s Bid for a Second Term at the Fed Hits Resistance
New York Times 01/23/2010
Paul Volcker's fading influence on the Obama administration.
04/11/2009
Former Fed chairman Paul Volcker added to the credibility of the incoming Obama administration during the early days. Now his advice about the need to reinstate a wall between banking for taking federally insured deposits and making loans, from investment banking's trading in securtities, is beig ignored. He does not think regulation will be effective. One reason our system does not work thay way. Influential bankers can water down financial regulation in Congress.
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Volcker Assumes Smaller-Than-Expected Role With Obama
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Volcker Fails to Sell a Bank Strategy
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Fed Chooses Staff Economist as Head of Bank Supervision
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BOE's King: Big Banks Should Get Broken Up
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Britain and Its Central Bank Disagree on Banking Laws
New York Times 10/22/2009
Fed's Tarullo Shakes Up Bank Rules
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How much of a factor were low interest rates under Greenspan in creating a bubble in housing prices?
01/02/2009
Fed chairman Bernanke was a Fed Governor who advocated low interest rates at the time. His response. Expert opinion.
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Wanted: A Boring Leader for the Fed
New York Times 08/20/2013
What's Needed in the Next Fed Chief
New York Times 09/15/2013
Fed chief Bernanke urges better financial regulation to prevent crises
Washington Post 01/04/2010
Lax Oversight Caused Crisis, Bernanke Says
New York Times 01/04/2010
The Fed and the Crisis: A Reply to Ben Bernanke
Wall Street Journal 01/10/2010
Bernanke’s Bid for a Second Term at the Fed Hits Resistance
New York Times 01/23/2010
Candidates for chairman of the U.S. Federal Reserve for 2014-
01/02/2009
Janet Yellen, John Taylor, Kohn, Dudley and Glenn Hubbard are candidates to replace Fed chairman Bernanke. Bernanke says he will not serve beyond Jan. 2014. Taylor has strong disagreement with the Fed's loose monetary policies. Fed chairwoman Janet Yellen provides continuity and scored highly in a WSJ July 2013 survey of candidates, for shaping monetary policy, forging consensus, and communicating policy.
Grouped Articles
Yellen Seen as Front-Runner for Top Fed Post
Wall Street Journal 07/19/2013
Fed Chairmanâs Departure Casts a New Light on the Bush Legacy
New York Times 07/26/2013
Fed's Yellen Says Stance on Banks Hardened
Wall Street Journal 08/13/2013
Wanted: A Boring Leader for the Fed
New York Times 08/20/2013
Fed's Yellen, Husband Worth Up to $13.2 Million in 2012
Wall Street Journal 08/28/2013
Summers Withdraws Name for Fed Chairmanship
Wall Street Journal 09/16/2013
Fed chairman Bernanke and New York Fed president Geithner ignore warnings in 2006 about the housing bubble
01/02/2009
Transcripts of the meetings of the Federal Open Market Committee of the Federal Reserve show new Fed chairman Bernanke and Head of the New York Fed discounted the growing risks in the U.S. housing markets in 2006. Fed governors Janet Yellen and Susan Bies raised the issue in meetings at the Fed. Transcripts show a sense of complacency had set in at the Fed with Bernanke confident about a soft landing for the housing market.
Grouped Articles
Central Bankers Hone Tools to Pop Bubbles
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Wall Street Journal 09/15/2013
What's Needed in the Next Fed Chief
New York Times 09/15/2013
Book Review: 'Stress Test' by Timothy F. Geithner
Wall Street Journal 05/12/2014
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
New York Times 05/17/2014
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