Today Chairman of the Federal Reserve Bank, Ben S. Bernanke, addressed the attendees of the Federal Reserve Bank of Atlanta Financial Markets Conference in Sea Island Georgia(via Satellite). His remarks suggest that the Bank of England has more flexibility than the Fed and thus can tailor better and more specific solutions to address the liquidity crisis. [...]
Bernanke : Liquidity Provision by the Federal Reserve
May 13th, 2008 · No Comments · Markets
Tags: bernanke·central bank
The momentous Bear Stearns event
May 8th, 2008 · No Comments · Markets
Much criticism has been aimed at Secretary of the Treasury Hank Paulson, Federal Reserve Chairman Ben Bernanke and SEC Chairman Christopher Cox for their swift action over the weekend of March 15-16 on Bear Stearns & Co. It is illuminating to read Cox’s letter to the Basel Committee on Banking Supervision(March 20, 2008) and the testimony [...]
Tags: Bear Stearns·bernanke·cox·paulson
Bernanke uses a broader set of tools to manage the economy . . .
May 1st, 2008 · No Comments · Markets
Federal Reserve Chairman Ben Bernanke has been much criticised for his actions over the last 10 months. In defense he has employed more than the customary set of tools to weather the most recent stresses in the financial markets. Randall W. Forsyth in a Barron’s article “Hey, Bernanke Bashers: His Moves Have been the Right Ones” [...]
Tags: bernanke
