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federal reserve chairman

Another Rate Cut

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The Fed has cut the Federal Funds Rate again.
In a brief statement explaining their decision, Federal Reserve Chairman Ben Bernanke and his colleagues said that “financial markets remain under considerable stress.”
The Fed move was approved on a 9 to 1 vote. Richard Fisher, president of the Fed’s Dallas regional bank, dissented, preferring no change [...]

Hint: his name's not on the dollar

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I found this funny story involving mistaken identity in the halls of power on the blog Cato-at-liberty:

Congresswoman Marcy Kaptur [(D-Ohio)] came to a House committee hearing on Thursday prepared to ask U.S. Treasury Secretary Henry Paulson tough questions about his involvement in the subprime mortgage crisis.

Greenspan Blasts Bush

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Former Federal Reserve Chairman Alan Greenspan "says the Republican party to which he has belonged all his life deserved to lose power last year for forsaking its small-government principles," the Wall Street Journal reports. "Greenspan delivers the withering critique in his memoir, The Age of Turbulence: Adventures in a New World."

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