The Banking Committee approves the Fed chief's nomination to a second term; the full Senate is slated to vote next month. Plus: A surprise increase for new jobless claims.
Ben Roethlisberger, the Pittsburgh Steelers starting quarterback, returns to action with his team after serving a four-game suspension for violating the personal conduct policy of the NFL....
Quantitative easing is simply a dilution of the U.S. Dollar. The Federal Reserve Bank will simply buy $600 billion in U.S. Treasuries over the next six months. This creates currency reserves and causes inflation. Therefore, gasoline, oil, copper, sugar, and most every other commodity that generally trades in U.S. Dollars will increase in price....
Since late August 2010, the major stock market indexes have rallied sharply higher. The catalyst for the rally was the announcement of QE-2(quantitative easing) by the Ben Bernanke in Jackson Hole, Wyoming. The U.S. Dollar Index has been declining sharply ever since that announcement and the stock markets have inflated higher. Now the Bernank will start holding press conferences after their FOMC announcements....
Both the Asian and European markets rallied along with their respective currencies against the dollar as Federal Reserve Chairman Ben Bernanke was expected to speak to the Senate Banking Committee on Tuesday. Prior to his semi-annual monetary policy testimony, the Euro reached a one-month high against the greenback as the markets expected European Central Banks to hike rates before the Fed....
With the equities markets in complete disarray last week, it is clear the bears have taken the high-ground and bullishness has dropped to its lowest level since March \"��09. Could it happen again? No one knows, but the mood has definitely darkened along with the data. It feels like the calm before the storm....
Ben Sherman was born as Arthur Bernard Sugarman in 1925, in Brighton, UK. As he saw no future in his birthplace, at the age of 21 he moved to the United States via Canada and became an American citizen. Apparently he was wed three times, and his third marriage that was to the daughter of a Californian clothes manufacturer turned out to be a major turning point in his life....
Ben Bernanke cornering the Bond Market...
Federal Reserve chairman Ben Bernanke urged banks to lend more to small businesses whose growth and formation depends on access to credit, pointing out that they were “central” to employ at least half of American workers....
In his talk with a panel in charge of investigating the financial crisis, Ben Bernanke, the current Chairman of the United States Federal Reserve, said that regulators must be prepare to shut down the largest institutions if they threaten to bring down the financial system....
Fed chairman Ben Bernanke said Monday that federal bank regulators would be examining the legalities of mortgage companies in terms of foreclosure procedures....