It's perhaps the most important economic post in the world. But with a leading contender in the wings, why is Barack Obama delaying a decision on who'll replace Ben Bernanke?
Crikey readers are cross with Crikey about the Fed, productivity and The Iconic.
US Federal Reserve chairman Ben Bernanke is not making the same mistakes policy-makers made during the 1930s Great Depression, writes Business Spectator commentator Stephen Koukoulas.
The ASX 200 is up 52. ASX 200 Futures were up 5 this morning. The Dow Jones finished down 9 but is expected to jump tonight after the speech by US Federal Reserve chairman Ben Bernanke this morning. The Dow was up 49 at best and down 41 at worst. The Dow Futures were up […]
The Federal Reserve's monetary policy "tapering" will be a key influence on the economy for Aussie governments after the election -- but Japan and China loom large as well. Glenn Dyer and Bernard Keane report.
The US Federal Reserve has affirmed its intention to maintain monetary easing, heading off a developing market rout overnight.
The outlook for the US economy is for more years of low, slow growth, and there's nothing the Fed can do short of giving millions of Americans a free gift of money every month for a couple of years and urging them to spend, not save.
The faith in the new round of easing seems rather desperate and a bit misplaced.
Ah, there's nothing like the smell of free money to get those bond market desperadoes to forget themselves and be willing to do and say anything for another hit of free central bank money.