Political Capital

Simon Kennedy

A monitor displays Ben S. Bernanke, chairman of the U.S. Federal Reserve, while traders work in the two-year and five-year U.S. Treasury Note options pit following a Federal Reserve Federal Open Market Committee (FOMC) interest rate announcement.

Photograph by Tim Boyle/Bloomberg

A monitor displays Ben S. Bernanke, chairman of the U.S. Federal Reserve, while traders work in the two-year and five-year U.S. Treasury Note options pit following a Federal Reserve Federal Open Market Committee (FOMC) interest rate announcement.

Markets May Echo Volcker, Greenspan, Bernanke Reactions with Obama Nominee: Analyst

Financial markets may repeat their historical response to the appointment of a new Federal Reserve chairman when Ben Bernanke’s successor is announced. That’s according to a former Fed economist who notes that equities rallied about 6 percent in the month...

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A man searches for recyclable bottles and cans near the New York Stock Exchange on June 8, 2012 on Wall Street in New York City.

Photograph by Robert Nickelsberg/Getty Images

A man searches for recyclable bottles and cans near the New York Stock Exchange on June 8, 2012 on Wall Street in New York City.

Income Inequality on Fed’s Radar

Income inequality is becoming an increasing issue for Federal Reserve officials and may prove to be an important factor in monetary policy, according to Credit Suisse Group AG. Citing speeches by policy makers including Vice Chairman Janet Yellen and Governors...

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President Barack Obama at the University of Miami in Coral Gables, Florida, on October 11, 2012.

Photograph by Nikki Kahn/The Washington Post via Getty Images

President Barack Obama at the University of Miami in Coral Gables, Florida, on October 11, 2012.

Obama Shouldn’t Despair Over ‘Misery Index’

  The “Misery Index” shouldn’t give President Barack Obama reason to despair. Economic misery, measured as a combination of unemployment and inflation, is lower now than before the Democrat won the race for the presidency in 2008. Such a decline suggests a “narrow re-election”...

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Mitt Romney and Rep. Paul Ryan on stage after accepting the nomination during the final day of the Republican National Convention.

Photograph by Joe Raedle/Getty Images

Mitt Romney and Rep. Paul Ryan on stage after accepting the nomination during the final day of the Republican National Convention.

Wyoming Bar Hosts Possible Romney Fed Picks

As Mitt Romney accepted his party’s presidential nomination last night, watching his speech from a Wyoming bar were potential candidates to run the Federal Reserve should he win. Glenn Hubbard, dean of Columbia Business School and an economic adviser to...

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