Political Capital

Posts tagged: fed


Sen. Elizabeth Warren (D-MA) with Sen. Joe Manchin (D-WV) during a confirmation hearing for Nominee for the Federal Reserve Board Chairman Janet Yellen before Senate Banking, Housing and Urban Affairs Committee on Nov. 14, 2013.

Photograph by Alex Wong/Getty Images

Sen. Elizabeth Warren (D-MA) with Sen. Joe Manchin (D-WV) during a confirmation hearing for Nominee for the Federal Reserve Board Chairman Janet Yellen before Senate Banking, Housing and Urban Affairs Committee on Nov. 14, 2013.

Manchin to Yellen Then: ‘Be Bold’ — Manchin to Yellen Today: ‘No’

Sen. Joe Manchin of West Virginia had a lot of nice things to say about Janet Yellen before voting against her today. The only Democrat to oppose her confirmation as Federal Reserve chair had this to say 15 days ago after a...

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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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Cypriots during a protest against an EU bailout deal outside the parliament in Nicosia on March 18, 2013.

Photograph by Patrick Baz/AFP via Getty Images

Cypriots during a protest against an EU bailout deal outside the parliament in Nicosia on March 18, 2013.

Fed Opposed Cyprus-Like Bank Tax — in 1941

More than half a century ago, the Federal Reserve opposed the idea of a tax on bank deposits similar to the one Cyprus has imposed. It wasn’t the threat of bank runs that was the problem so much as fairness....

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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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Potential buyers view a new home under construction in South Barrington, Illinois.

Photograph by Daniel Acker/Bloomberg

Potential buyers view a new home under construction in South Barrington, Illinois.

Fed Boosts Housing, Housing Boosts Fed — Repeat

One hand washes the other. The Federal Reserve’s record stimulus is starting to lift the U.S. housing market out of the basement. And the boost in home prices is poised to start giving the broader economy a bigger push, rather...

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William "Bill" C. Dudley, president of the Federal Reserve Bank of New York.

Photograph by Stephen Yang/Bloomberg

William "Bill" C. Dudley, president of the Federal Reserve Bank of New York.

Fed Hints at More Bond Buying in ’13

Written with Caroline Salas Gage A Federal Reserve policy maker added to hints that the central bank will continue Treasury purchases into 2013 when officials gather for their last meeting of this year. Federal Reserve Bank of New York President...

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