Federal Reserve Chairman Ben Bernanke’s many critics should take comfort in the fact that he’s one of the least expensive central bankers on the planet. For all his controversial extraordinary monetary maneuverings, Bernanke makes a mere $196,700 a year, according to Bloomberg.
In contrast, Britain’s Mervyn King takes home nearly half a million Read More
The Federal Reserve’s $3.3 trillion in bailout maneuvering during the past three years of financial apocalypse has been complicated, and so it’s difficult to isolate one particular “winner” from the many, many institutions who benefited from the central bank’s largesse. But let’s give it a shot anyway.
According to Bloomberg, “Bank of America Read More
For a man who is by all appearances so gentle and unassuming, Federal Reserve Chairman Ben Bernanke draws a great deal of ire. In an effort to better understand the utter rage that this soft-spoken economist provokes, The Observer will regularly log the most memorable anti-Ben zingers. Today’s edition comes from George Mason University economist Read More
“It’s going to be an interesting day,” said the American Action Forum’s Douglas Holtz-Eakin, “when you open The Wall Street Journal and you see your picture opposite Ben Bernanke’s, and you’ve picked a fight with the Fed.”
That might explain the number of uncomfortable silences at today’s conference on Capital Markets in Real Estate, hosted by N.Y.U.’s Read More
Poor Fed chairman Ben Bernanke has been showing some wear and tear as he copes with the aftershocks of a nigh-unprecedented financial crisis and a stubbornly stagnant economic recovery. His most recent response, a $600 billion salvo of monetary stimulus, has engendered something far short of unanimous praise from the financial commentariat.
Two days Read More