Aug 17 Wessel Answers Questions on the Changing Fed By Carolyn O'Hara A year after Wall Street went into a tailspin, the Fed continues to take unprecedented steps to revive the economy. David Wessel has penned a book about Ben Bernanke and the changing role of the Fed. He answered questions in… Continue reading
Aug 14 Watch U.S. Consumers Still Worried About Economy A new survey shows that despite positive economic forecasts, Americans are still concerned about scarce jobs and falling income. Continue watching
Aug 13 Home Foreclosures Set Third Record in Five Months By Online DA Foreclosure filings in the United States jumped in July, again setting a record for the third time in five months. The increase was due to falling home prices and the recession, which kept some homeowners from making payments or refinancing. Continue reading
Aug 07 Is the "Perfect Storm" Metaphor Appropriate for the Economic Crisis? “The metaphor of the perfect storm is inapt. The captain’s action does not influence the height of the waves. Fed Chairman Bernanke, in contrast, participated in making and implementing interventions that worsened the financial crisis last year.” – from… Continue reading
Jul 28 Tales From the Fed: Blinder on the Fallout from Lehman's Failure By Business Desk Paul Solman: All this week, we’re posting excerpts of interviews we did with former Fed officials on the economic crisis and the Fed’s evolving role in the economy. The series is in conjunction with the NewsHour’s hour-long public forum… Continue reading
Jul 27 Watch Bernanke Reflects on Fed's Aggressive Actions In the first of a three-part discussion, Fed Chairman Ben Bernanke warned that jobless rates may continue to rise and discussed his fears of another Great Depression. Continue watching
Jul 27 Tales From the Fed: Rivlin on the Perfect Storm By Business Desk Paul Solman: In preparation for our NewsHour event with Ben Bernanke in Kansas City last night, we interviewed a variety of former Fed officials to discuss the past, present, and future of the central bank. Two especially intriguing interviewees… Continue reading
Jul 23 Watch Other News: Dow Closes Over the 9,000 Mark In other news, better-than-expected earnings from several companies, combined with strong housing figures pushed the Dow Jones Industrial Average above 9,000 for the first time since January, and three mayors in New Jersey were arrested on corruption charges. Continue watching
Jul 22 Watch Bernanke Signals Slow Recovery, Defends Fed's Powers Fed chief Ben Bernanke told a Senate panel on Wednesday that economic recovery should begin soon, albeit slowly at first. A financial analyst and a lawmaker speak with Ray Suarez about the testimony. Continue watching
Jul 22 Are Geithner and Summers Too Close to Wall Street? By Business Desk Question: Are Timothy Geithner and Larry Summers too close to the players that produced this economic crisis — so close that they will not have the vision, values, or mindset that will allow them to take the difficult steps that… Continue reading