Political Capital

Craig Torres


Ben S. Bernanke, chairman of the U.S. Federal Reserve, during his semi-annual monetary policy report to the House Financial Services Committee in Washington, D.C., on July 17, 2013.

Photograph by Pete Marovich/Bloomberg

Ben S. Bernanke, chairman of the U.S. Federal Reserve, during his semi-annual monetary policy report to the House Financial Services Committee in Washington, D.C., on July 17, 2013.

Fischer Says Bernanke ‘One of the Great’ Fed Chairmen

Ben S. Bernanke will be “one of the great chairmen” in the Federal Reserve’s 100-year history, former Bank of Israel Governor Stanley Fischer said, adding that winding down asset purchases could be difficult. “It is a pretty tough thing getting out...

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Job seekers speak to representatives of employers at a job fair at the Jewish Community Center in Manhattan on March 6, 2013 in New York City.

Photograph by Spencer Platt/Getty Images

Job seekers speak to representatives of employers at a job fair at the Jewish Community Center in Manhattan on March 6, 2013 in New York City.

Fed’s Unemployment Paradox

Federal Reserve officials are going to be spending a lot of time looking under the hood of the unemployment rate. Policy makers in June forecast joblessness will fall to 6.5 percent to 6.8 percent in the fourth quarter of 2014,...

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Traders work in the ten-year U.S. Treasury Note options pit at the Chicago Board of Trade.

Photograph by Daniel Acker/Bloomberg

Traders work in the ten-year U.S. Treasury Note options pit at the Chicago Board of Trade.

Fed Exit Looks Harder w/ New Buying

Federal Reserve watchers such as Michael Feroli at JPMorgan Chase & Co. expect the central bank this week to bulk up its balance sheet again by adding $45 billion dollars of monthly Treasury purchases to its standing program of $40...

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Ben S. Bernanke, chairman of the Federal Reserve, attends the International Monetary and Financial Committee (IMFC) in Tokyo.

Photograph by Tomohiro Ohsumi/Bloomberg

Ben S. Bernanke, chairman of the Federal Reserve, attends the International Monetary and Financial Committee (IMFC) in Tokyo.

Bernanke Leaves Less Room for Fed Change Under Romney

Federal Reserve Chairman Ben S. Bernanke works most weekends, writing and reading without the constant interruptions that come from leading one of the world’s most important central banks. He isn’t the kind of guy who gets his picture taken at...

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A trader works on the floor of the New York Stock Exchange during Federal Reserve Chairman Ben Bernanke's news conference on June 20, 2012.

Photograph by John Moore/Getty Images

A trader works on the floor of the New York Stock Exchange during Federal Reserve Chairman Ben Bernanke's news conference on June 20, 2012.

Bernanke’s Twist Adds to Year-End ‘World of Hurt’

With Caroline Salas Gage After repeatedly warning lawmakers that a year-end fiscal cliff threatens the economy, Federal Reserve Chairman Ben S. Bernanke has created a precipice of his own. That could mean “a world of hurt” for the central bank, said...

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Federal Reserve Chairman Ben S. Bernanke on Capitol Hill.

Photograph by Brendan Smialowski/AFP/Getty Images

Federal Reserve Chairman Ben S. Bernanke on Capitol Hill.

Bernanke Weighs Risks as U.S. Economy Slows

It’s a tough call for Federal Reserve officials this week. Economic growth indicators have sputtered. Job creation in May and April slowed to 69,000 and 77,000 jobs respectively, not nearly enough to lower the unemployment rate below 8 percent. None...

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