Political Capital

Posts tagged: Ben Bernanke


Janet Yellen, chair of the U.S. Federal Reserve, during a news conference following a Federal Open Market Committee meeting in Washington, D.C. on March 19, 2014.

Photograph by Andrew Harrer/Bloomberg

Janet Yellen, chair of the U.S. Federal Reserve, during a news conference following a Federal Open Market Committee meeting in Washington, D.C. on March 19, 2014.

Bloomberg by the Numbers: $55 Billion

The Federal Reserve is scaling back its monthly securities purchases to $55 billion from $65 billion. The Fed’s stimulus program is “not on a pre‐set course and the committee’s decisions about the pace of purchases remain contingent on its outlook...

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Ben S. Bernanke, chairman of the U.S. Federal Reserve, at the Brookings Institution in Washington, D.C., on Jan. 16, 2014.

Photograph by Andrew Harrer/Bloomberg

Ben S. Bernanke, chairman of the U.S. Federal Reserve, at the Brookings Institution in Washington, D.C., on Jan. 16, 2014.

Bernanke at Brookings: ‘Rescuer-in-Chief’ in Residence

Ben Bernanke reigned for two terms as chairman of the Federal Reserve and is widely credited for steering the American economy through its worst crisis since the Great Depression, of which he is a student. Bernanke has a new forum...

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White House spokesman Jay Carney looks at his notes as Gene Sperling,  Director of the National Economic Council, speaks during the daily briefing at the White House in Washington, DC on Jan. 6, 2013.

Photograph by Nicholas Kamm/AFP via Getty Images

White House spokesman Jay Carney looks at his notes as Gene Sperling, Director of the National Economic Council, speaks during the daily briefing at the White House in Washington, DC on Jan. 6, 2013.

Carney’s Beard Outgrowing Panda’s

Jay Carney’s beard is growing in nicely. The post-holiday fuzz that the primary White House spokesman first displayed at the West Wing podium after New Year’s has filled in, lending the daily press briefing something of a more hirsute air...

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Federal Reserve vice-chair Janet Yellen attends a ceremony marking the centennial of the founding of the Federal Reserve in Washington on Dec. 16, 2013.

Photograph by Nicholas Kamm/AFP via Getty Images

Federal Reserve vice-chair Janet Yellen attends a ceremony marking the centennial of the founding of the Federal Reserve in Washington on Dec. 16, 2013.

Bloomberg by the Numbers: 68%

That’s the share of senators voting yesterday who approved the nomination of Janet Yellen to lead the Federal Reserve. Yellen, who will become the first woman to lead the central bank, was confirmed on a 56-26 vote. Eleven Republicans voted...

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Janet Yellen, vice chairman of the U.S. Federal Reserve, center, after an open meeting of the Board of Governors of the Federal Reserve in Washington, D.C., on Dec. 10, 2013.

Photograph by Andrew Harrer/Bloomberg

Janet Yellen, vice chairman of the U.S. Federal Reserve, center, after an open meeting of the Board of Governors of the Federal Reserve in Washington, D.C., on Dec. 10, 2013.

Bloomberg by the Numbers: 34

Thirty-four senators on Dec. 20 voted against advancing Janet Yellen’s nomination to lead the Federal Reserve. Yellen, President Barack Obama’s choice to succeed Fed chairman Ben Bernanke, surely will be confirmed for the post in a final vote that’s scheduled...

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Janet Yellen, vice chairman of the U.S. Federal Reserve, swears into a Senate Banking Committee confirmation hearing in Washington, D.C., on Nov. 14, 2013.

Photograph by Pete Marovich/Bloomberg

Janet Yellen, vice chairman of the U.S. Federal Reserve, swears into a Senate Banking Committee confirmation hearing in Washington, D.C., on Nov. 14, 2013.

Bloomberg by the Numbers: 70

Updated at 12:15 pm EST That’s how many senators voted in January 2010 to approve Ben Bernanke for a second term as Federal Reserve chairman. The Senate today voted 59-34 to advance Yellen’s confirmation to a final vote, yet has...

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Ben S. Bernanke, chairman of the U.S. Federal Reserve, during a news conference following a Federal Open Market Committee meeting in Washington, D.C., on Dec. 18, 2013.

Photograph by Andrew Harrer/Bloomberg

Ben S. Bernanke, chairman of the U.S. Federal Reserve, during a news conference following a Federal Open Market Committee meeting in Washington, D.C., on Dec. 18, 2013.

Bloomberg by the Numbers: $75 Billion

The Federal Reserve is tapering its monthly bond-buying program to $75 billion from $85 billion. “Reflecting cumulative progress and an improved outlook for the job market,” the Federal Open Market Committee decided yesterday to “modestly reduce the monthly pace at...

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Ben S. Bernanke, chairman of the U.S. Federal Reserve, in Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

Ben S. Bernanke, chairman of the U.S. Federal Reserve, in Washington, D.C.

Tapering the Easing: Only in D.C.

Only in Washington is tapering the opposite of easing. Then again, only here might the QE2 be a bond purchase. The Federal Reserve announced today that it will cut its monthly bond purchases to $75 billion — down from $85...

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