Political Capital

Jeff Kearns

First lady Michelle Obama embraces Charlotte Bell, 10, while hosting a question-and-answer session with the children of Executive Office employees to mark the White House's annual Take Our Daughters and Sons to Work Day at the White House on April 24, 2014. Bell told the first lady that her dad had been out of work for three years and presented Obama with her dad's resume.

Photograph by Chip Somodevilla/Getty Images

First lady Michelle Obama embraces Charlotte Bell, 10, while hosting a question-and-answer session with the children of Executive Office employees to mark the White House's annual Take Our Daughters and Sons to Work Day at the White House on April 24, 2014. Bell told the first lady that her dad had been out of work for three years and presented Obama with her dad's resume.

Job-Hunting, in the White House

The president talks about creating jobs all the time. One girl, her dad out of work, is taking him seriously. Charlotte Bell, a guest of the White House’s annual “Take Our Daughters and Sons to Work Day,” put her dad’s resume...

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Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), on March 12, 2013.

Photograph by Andrew Harrer/Bloomber

Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), on March 12, 2013.

Cordray’s Offices ‘Not Some Palace’ — Bellagio on Steroids: Hensarling

Republicans who weren’t pleased about the creation of the Consumer Financial Protection Bureau have even less reason to be happy as it builds a new home. Rep. Jeb Hensarling, the Texas Republican who chairs the House Financial Services Committee, had a...

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Call operators answer phones on the first day of Obamacare at an eHealthInsurance Services Inc. call center in Sacramento, California, on Oct. 1 2013.

Photographer: Ken James/Bloomberg

Call operators answer phones on the first day of Obamacare at an eHealthInsurance Services Inc. call center in Sacramento, California, on Oct. 1 2013.

Fed Beige Book: ‘Uncertainty’ — Obamacare Cited by Businesses

The Federal Reserve’s Beige Book, in which the 12 regional banks periodically take the pulse of how businesses in their districts are faring, is full of “uncertainty.” The word shows up 17 times in today’s report, the same amount as...

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Richard Fisher, president and chief executive officer of the Federal Reserve Bank of Dallas.

Photograph by Patrick Fallon/Bloomberg

Richard Fisher, president and chief executive officer of the Federal Reserve Bank of Dallas.

Dallas Fed’s Fisher Wants ‘Innovative’ Bernanke for Third Term

Federal Reserve Bank of Dallas President Richard Fisher, the most quotable of all 19 U.S. central bank officials, steered clear of backing a successor to Ben S. Bernanke. Instead, he said he’d like the chairman to stick around for a...

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The G20 Finance Ministers and Central Bank Governors' meeting in Moscow on July 19, 2013

Photograph by Kiirill Kudryavtsev/AFP via Getty Images

The G20 Finance Ministers and Central Bank Governors' meeting in Moscow on July 19, 2013

G-20 Without Bernanke is ‘Hamlet Without the Prince’

A Brazilian official criticized Ben S. Bernanke’s absence at a meeting of finance chiefs from the world’s biggest economies, saying that Group of 20 policy makers are looking for more clarity from the central bank on how it intends to...

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Federal Reserve Chairman Ben Bernanke at what is most likely his last Capitol Hill appearance during the House Financial Services Committee hearing on the monetary policy and the state of the economy on July 17, 2013

Photograph by Douglas Graham/CQ Roll Call

Federal Reserve Chairman Ben Bernanke at what is most likely his last Capitol Hill appearance during the House Financial Services Committee hearing on the monetary policy and the state of the economy on July 17, 2013

Bernanke to Congress: Can You Hear Me Now?

Whether illustrative of how government doesn’t work or an example of why budget cuts are short-sighted, Federal Reserve Chairman Ben Bernanke began his semi-annual testimony to Congress today by sitting down in front of a dead microphone. As C-SPAN 3...

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Morning commuters wait to cross a street in front of Tokyo Station in on June 26, 2013.

Photograph by Noriyuki Aida/Bloomberg

Morning commuters wait to cross a street in front of Tokyo Station in on June 26, 2013.

N.Y. Fed’s Dudley: U.S. Needs Bold Policy to Avoid Japan’s Trap

Written with Joshua Zumbrun. William C. Dudley, stimulus-backing president of the Federal Reserve Bank of New York, says the economy is healing yet still needs bold action to avoid falling into a trap like Japan’s — and that it also...

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Construction continues at TPCO America Corp.'s pipe finishing mill facility in Gregory, Texas.

Photograph by Eddie Seal/Bloomberg

Construction continues at TPCO America Corp.'s pipe finishing mill facility in Gregory, Texas.

Builders Hang Help-Wanted Signs as Construction Rebounds

Newspaper editors can retire the old “Hard Times for Hard Hats” headline. U.S. construction employment is poised to bounce back after being flat for almost three years. Builders have the most openings and are breaking ground for more homes than at any...

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Richard Fisher, president and chief executive officer of the Federal Reserve Bank of Dallas.

Photograph by Patrick Fallon/Bloomberg

Richard Fisher, president and chief executive officer of the Federal Reserve Bank of Dallas.

Fisher Warns Fed of Trap: `Hotel California’

Federal Reserve Bank of Dallas President Richard Fisher, hardly one to resist using a good metaphor to explain the intricacies of central banking, has upgraded his equine assessment of the economy. He’s also added some classic rock and roll the...

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