Fellows of the Econometric Society http://www.globalpost.com/taxonomy/term/35017/all en Bernanke says Fed stimulus benefits 'clear,' budget cuts a risk http://www.globalpost.com/dispatch/news/thomson-reuters/130226/bernanke-says-fed-stimulus-benefits-clear-budget-cuts-risk <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>WASHINGTON, Feb 26 (Reuters) - Federal Reserve Chairman Ben Bernanke strongly defended the U.S. central bank's bond-buying stimulus before Congress on Tuesday, saying its benefits clearly exceed possible costs. The Fed chairman also urged lawmakers to avoid sharp spending cuts set to go into effect on Friday, which he warned could combine with earlier tax increases to create a "significant headwind" for the economic recovery.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130226/bernanke-says-fed-stimulus-benefits-clear-budget-cuts-risk" target="_blank">read more</a></p> Ben Bernanke Ben Bernanke Business Fellows of the Econometric Society Macroeconomics Thomson Reuters Tue, 26 Feb 2013 15:15:18 +0000 Thomson Reuters 5767035 at http://www.globalpost.com URGENT ¥¥¥ US growth rebounds after flat 4th quarter: Bernanke http://www.globalpost.com/dispatch/news/afp/130226/urgent-us-growth-rebounds-after-flat-4th-quarter-bernanke <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>US growth has rebounded after the flat fourth quarter, but remains"somewhat uneven" and vulnerable to looming budget cuts, Federal Reserve Chairman Ben Bernanke told Congress Tuesday.</p> <p>"The pause in real GDP growth last quarter does not appear to reflect a stalling-out of the recovery... Available information suggests that economic growth has picked up again this year."</p> <p>pmh/vs</p> Fellows of the Econometric Society AFP Tue, 26 Feb 2013 15:31:26 +0000 Agence France-Presse 5767311 at http://www.globalpost.com URGENT ¥¥¥ Bernanke says sequester would hit US recovery http://www.globalpost.com/dispatch/news/afp/130226/urgent-bernanke-says-sequester-would-hit-us-recovery <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Federal Reserve Chairman Ben Bernanke warned Congress Tuesday that the $85 billion in spending cuts of the March 1 sequester would place a "significant" additional burden on the US economic recovery.</p> <p>"The Congress and the administration should consider replacing the sharp, front-loaded spending cuts required by the sequestration with policies that reduce the federal deficit more gradually," he told a Senate hearing.</p> <p>pmh/vs</p> Ben Bernanke Ben Bernanke Business Economy of the United States Fellows of the Econometric Society Politics AFP Tue, 26 Feb 2013 15:31:33 +0000 Agence France-Presse 5767312 at http://www.globalpost.com URGENT ¥¥¥ Fed warns US spending cuts could hit growth, jobs http://www.globalpost.com/dispatch/news/afp/130320/urgent-fed-warns-us-spending-cuts-could-hit-growth-jobs <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Federal Reserve Chairman Ben Bernanke warned Wednesday that broad-based US government spending cuts could curb the economic and jobs recovery.</p> <p>The Federal Open Market Committee "remains concerned that restrictive fiscal policies may slow economic growth and job creation in coming months," Bernanke said at a news conference after a two-day FOMC meeting.</p> <p>mj-vs/pmh</p> Ben Bernanke Business Fellows of the Econometric Society Guggenheim Fellows AFP Wed, 20 Mar 2013 19:16:31 +0000 Agence France-Presse 5789115 at http://www.globalpost.com Bernanke warns against premature policy tightening http://www.globalpost.com/dispatch/news/afp/130522/bernanke-warns-against-premature-policy-tightening-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>US Federal Reserve Chairman Ben Bernanke acknowledged the risks of the Fed's low interest-rate policy Wednesday but warned that tightening policy now could stall the US recovery.</p> <p>"A premature tightening of monetary policy could lead interest rates to rise temporarily but would also carry a substantial risk of slowing or ending the economic recovery and causing inflation to fall further," he said in a statement to Congress.</p> <p>pmh/vs</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> Ben Bernanke Fellows of the Econometric Society Macroeconomics AFP Wed, 22 May 2013 16:15:48 +0000 Agence France-Presse 5843897 at http://www.globalpost.com Factbox: Likely candidates to replace Bernanke at Fed in 2014 http://www.globalpost.com/dispatch/news/thomson-reuters/130607/factbox-likely-candidates-replace-bernanke-at-fed-2014 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(Reuters) - Federal Reserve Chairman Ben Bernanke is widely expected to step down when his second term at the helm of the U.S. central bank expires on January 31, 2014.</p> <p>If history is any guide, President Barack Obama will pick a candidate to succeed the one-time Princeton University professor sometime during the summer, allowing ample time for the Senate to consider the nominee before a final confirming vote.</p> <p>Here is a quick look at the likely leading choices:</p> <p>JANET YELLEN</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130607/factbox-likely-candidates-replace-bernanke-at-fed-2014" target="_blank">read more</a></p> Academia Business Environment Fellows of the Econometric Society Group of Thirty Health Labor Politics Thomson Reuters Fri, 07 Jun 2013 09:20:57 +0000 Thomson Reuters 5852287 at http://www.globalpost.com Obama says Bernanke has 'stayed a lot longer' than he wanted at Fed http://www.globalpost.com/dispatch/news/thomson-reuters/130618/obama-says-bernanke-has-stayed-lot-longer-he-wanted-at-fed <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Steve Holland</p> <p>WASHINGTON (Reuters) - President Barack Obama hinted in an interview aired on Monday that he may be looking for a new chief of the U.S. Federal Reserve Bank, saying Ben Bernanke has stayed a lot longer than the current chairman had originally planned.</p> <p>Obama, speaking to Charlie Rose, host of a PBS interview program, compared Bernanke to longtime FBI Director Robert Mueller, who agreed to stay two years longer than he had planned and is to leave in the coming months.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130618/obama-says-bernanke-has-stayed-lot-longer-he-wanted-at-fed" target="_blank">read more</a></p> Academia Ben Bernanke Business Economics Environment Fellows of the Econometric Society Health Politics Thomson Reuters Tue, 18 Jun 2013 04:01:59 +0000 Thomson Reuters 5859515 at http://www.globalpost.com Factbox: Likely candidates to replace Bernanke at Fed in 2014 http://www.globalpost.com/dispatch/news/thomson-reuters/130618/factbox-likely-candidates-replace-bernanke-at-fed-2014 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(Reuters) - President Barack Obama hinted in a television interview on Monday that U.S. Federal Reserve Chairman Ben Bernanke would step down when his second term expires on January 31.</p> <p>Obama told Charlie Rose, host of a PBS interview program, that Bernanke was like longtime FBI Director Robert Mueller, who agreed to stay two years longer in the job than he had planned and is to leave in the coming months.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130618/factbox-likely-candidates-replace-bernanke-at-fed-2014" target="_blank">read more</a></p> Academia Business Environment Fellows of the Econometric Society Group of Thirty Health Labor Politics Thomson Reuters Tue, 18 Jun 2013 16:04:22 +0000 Thomson Reuters 5860190 at http://www.globalpost.com Housing recovery to 'accelerate' U.S. economy: Summers http://www.globalpost.com/dispatch/news/thomson-reuters/130619/housing-recovery-accelerate-us-economy-summers <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Steven Scheer</p> <p>JERUSALEM (Reuters) - A recovery in the housing market and strong growth in consumer wealth will help jump-start the U.S. economy later in 2013, said Larry Summers, a former adviser to President Barack Obama.</p> <p>Summers, considered a possible candidate to replace Federal Reserve Chairman Ben Bernanke when his current term ends next year, said a further boost would come from an increase in U.S. energy production</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130619/housing-recovery-accelerate-us-economy-summers" target="_blank">read more</a></p> Business Economics Education Environment Fellows of the Econometric Society Health Labor Politics Social Issues Technology United States Thomson Reuters Wed, 19 Jun 2013 21:33:21 +0000 Thomson Reuters 5861737 at http://www.globalpost.com White House preparing list of candidates to replace Bernanke, WSJ reports http://www.globalpost.com/dispatch/news/agencia-efe/130627/white-house-preparing-list-candidates-replace-bernanke-wsj-reports <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agencia EFE </div> </div> </div> <!--paging_filter--><p>Washington, Jun 27 (EFE).- The White House has begun preparing a list of possible candidates to replace Ben Bernanke as Federal Reserve chief given his possible exit when his current term concludes in January 2014, the Wall Street Journal reported Thursday.</p> <p>According to the financial daily, citing some of those involved in the process, the people tasked with compiling the list of candidates include Treasury Secretary Jack Lew and a small group of White House officials.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.efe.com" class="button wire efe"></a></p> <p><a href="http://www.globalpost.com/terms-use#efe"><span>Copyright EFE, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/agencia-efe/130627/white-house-preparing-list-candidates-replace-bernanke-wsj-reports" target="_blank">read more</a></p> Academia Business Economics Environment Fellows of the Econometric Society Health Politics Agencia EFE Fri, 28 Jun 2013 01:04:51 +0000 Agencia EFE 5869899 at http://www.globalpost.com Fed's Lacker says market volatility should not sap U.S. growth http://www.globalpost.com/dispatch/news/thomson-reuters/130628/feds-lacker-says-market-volatility-should-not-sap-us-growth <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>WHITE SULPHUR SPRINGS, West Virginia (Reuters) - Financial markets should brace for more volatility as they digest news the Federal Reserve will scale back bond buying later this year, a senior central banker said on Friday, but this is an understandable adjustment and will not derail growth.</p> <p>"This type of volatility is a normal part of the process of incorporating new information into financial asset prices and should not interfere with the moderate-growth scenario that I have presented," said Richmond Fed President Jeffrey Lacker.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130628/feds-lacker-says-market-volatility-should-not-sap-us-growth" target="_blank">read more</a></p> Fellows of the Econometric Society Mathematical finance Technical analysis Thomson Reuters Fri, 28 Jun 2013 14:34:01 +0000 Thomson Reuters 5870404 at http://www.globalpost.com Israel needs reforms, peace for fast economic growth: Fischer http://www.globalpost.com/dispatch/news/thomson-reuters/130701/israel-needs-reforms-peace-fast-economic-growth-fischer <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Steven Scheer</p> <p>JERUSALEM (Reuters) - Israel needs economic and political reforms including a peace deal with the Palestinians for its economy to grow rapidly over the long term, its former central bank Governor Stanley Fischer told Reuters.</p> <p>Fischer, who stepped down on Sunday after eight years as governor of the Bank of Israel, also said ultra-Orthodox Jews should play a bigger role in the economy.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130701/israel-needs-reforms-peace-fast-economic-growth-fischer" target="_blank">read more</a></p> Fellows of the Econometric Society Group of Thirty Israeli Jews Stanley Fischer Thomson Reuters Mon, 01 Jul 2013 13:36:49 +0000 Thomson Reuters 5872469 at http://www.globalpost.com Carney taking Canadian approach to Bank of England in first act as governor http://www.globalpost.com/dispatch/news/the-canadian-press/130704/bank-england-keeps-rates-monetary-stimulus-unchanged-at-new- <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>OTTAWA - Mark Carney is already causing ripples in Britain in his first week as governor of the Bank of England, even though his methods would be considered old hat in Canada.</p> <p>Eschewing past practice, the British central bank went beyond simply announcing no changes to the 0.5 per cent key interest rate as it also published a statement explaining the reasoning and suggesting rates would remain depressed for some time.</p> <p>The dovish statement had the effect of boosting equity prices in England and dropping the pound one cent to $1.51 US.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130704/bank-england-keeps-rates-monetary-stimulus-unchanged-at-new-" target="_blank">read more</a></p> Fellows of the Econometric Society Macroeconomics Monetary economics Technology The Canadian Press Thu, 04 Jul 2013 12:31:55 +0000 The Canadian Press 5875566 at http://www.globalpost.com Bernanke: No economic stability without financial stability http://www.globalpost.com/dispatch/news/thomson-reuters/130710/bernanke-says-fed-ready-push-back-if-financial-conditions-tight <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>CAMBRIDGE, Massachusetts (Reuters) - Federal Reserve Chairman Ben Bernanke, in a speech on the 100-year history of the U.S. central bank that made no direct reference to current monetary policy, said on Wednesday that policymakers have learned the hard way to treat financial stability as a top goal.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130710/bernanke-says-fed-ready-push-back-if-financial-conditions-tight" target="_blank">read more</a></p> Ben Bernanke Fellows of the Econometric Society Guggenheim Fellows Macroeconomics Thomson Reuters Wed, 10 Jul 2013 22:33:29 +0000 Thomson Reuters 5880888 at http://www.globalpost.com European stocks rally at open http://www.globalpost.com/dispatch/news/afp/130711/european-stocks-rally-at-open <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Europe's main stock markets rose strongly at the start of trading on Thursday after the Federal Reserve indicated that it was in no rush to end its stimulus programme.</p> <p>London's benchmark FTSE 100 index was up 0.65 percent to 6,547.50 points, Frankfurt's DAX 30 jumped 1.43 percent to 8,163.56 points and in Paris the CAC 40 gained 1.17 percent to 3,885.57.</p> <p>Asian stocks also rallied after US Federal Reserve boss Ben Bernanke said that its stimulus drive would be kept in place "for the foreseeable future".</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130711/european-stocks-rally-at-open" target="_blank">read more</a></p> Ben Bernanke Business Economics Fellows of the Econometric Society AFP Thu, 11 Jul 2013 08:31:14 +0000 Agence France-Presse 5881196 at http://www.globalpost.com