Brexit ‘is just the tip of the iceberg’, euro is ‘failing’: Alan Greenspan

Former Federal Reserve Chair Alan Greenspan told CNBC’s “Squawk on the Street” on Friday that the U.K. voting to leave the European Union “is just the tip of the iceberg.” Britons voted by 51.9 percent to quit the 28-country union, shocking markets that had priced in a win for “remain.” “This is the worst period, I recall, since I’ve been in public service. There’s nothing like it, including the crisis… This has a corrosive effect, which is not easy [to make] go away,” Greenspan said…

Yellen is clearly the boss, it really doesn’t matter what any regional Fed President says

Janet Yellen put her foot down in April. Yellen’s colleagues on the Federal Reserve’s committee kept dropping hints in March that a rate hike in April was possible. Then the Fed Chair gave a speech at the end of March squashing all that talk. “Yellen is clearly the boss and what she wants is what she’ll get,” Peter Boockvar, chief market analyst at the Lindsey Group, wrote in a research note…

Is the U.S. Fed chief still considered as being ‘God on a good day’?

The job of being chair of the U.S. Federal Reserve was once described as being “God on a good day.” That was before the 2008 financial crisis and the Great Recession, but still, the Fed chair is the director of the world’s largest economy. Stocks, bonds and exchange rates surge and fall based solely on the words that come out of the Fed chair’s mouth…

Yellen defends the Fed, disagrees with Sanders

Add Federal Reserve chair Janet Yellen’s name to the list of people who wonder if Bernie Sanders has all the facts down on Wall Street regulation. Yellen strives to be as apolitical as possible as Fed chair, but in a rare interview Thursday, she defended the Fed as a good watchdog of big banks. “We’re charged by Congress with regulating financial institutions. We take that mission seriously. We are tough supervisors and regulators,” Yellen said…

Dollar drifts lower, oil under pressure on fading supply freeze prospects

The dollar resumed its move lower on Monday after the impact of comments from a U.S. Federal Reserve official faded, but oil prices stayed under pressure on skepticism producers would be able to freeze output. A usually dovish U.S. central banker, Boston Fed President Eric Rosengren, said it was “surprising” that futures markets currently imply one or zero interest-rate hikes this year, a prediction he said could prove “too pessimistic.”…

How Bernanke launched the Fed’s bond-buying program, Fed’s 2010 transcripts reveals

The Federal Reserve has released transcripts of tense 2010 policy meetings, at which officials launched a new bond-buying program to support a limp economic recovery. The transcripts provide a window into how then-Fed Chairman Ben Bernanke guided a divided policy committee behind closed doors over several months to launch the central bank’s second bond-buying program, […]

Janet Yellen’s semiannual monetary policy report to the Congress

Chair Janet L. Yellen Semiannual Monetary Policy Report to the Congress Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C. February 24, 2015 Chairman Shelby, Ranking Member Brown, and members of the Committee, I am pleased to present the Federal Reserve’s semiannual Monetary Policy Report to the Congress. In my remarks […]

Top 10 Weekly Forex Market Headlines – 01.10.2014

1. U.S. services sector slows for 2nd straight month in December but factory orders rise January 6, Two measures of activity in the U.S. services sector showed slower growth in December, pointing to an economy that continues to expand at a modest pace, while factory orders rose in November… 2. U.S. Senate confirms Yellen as […]

Investors should prepare for the end of the Fed’s QE

NEW YORK (CNNMoney) Now that the once-dreaded taper is on the calendar, Wall Street experts say that investors should begin preparing for the end of the Federal Reserve’s bond buying program…

Janet Yellen expected to be approved by the U.S. Senate for Fed chair

(Reuters) – The U.S. Senate, kicking off its 2014 session on Monday, intends to waste no time making history as it moves to approve Janet Yellen to be the first woman to head the Federal Reserve…

Fed chair nominee Yellen faces Senate test vote on Friday

(Reuters) – The Democratic-led U.S. Senate is expected to wrap up its work for the year on Friday by moving to clear President Barack Obama’s nomination of Janet Yellen to head the Federal Reserve…

Senate approves Janet Yellen’s nomination to become next Fed chief

(Reuters) – The Senate Banking Committee on Thursday approved Janet Yellen’s nomination to become the first woman to lead the Federal Reserve, sending it to the full Senate for a final vote…

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