Yellen Faces Test Bernanke Failed: Ease Bubbles

Posted by Ravi Gulati | Posted in Uncategorized | Posted on 30-01-2014

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Janet Yellen probably will confront a test during her tenure as Federal Reserve chairman that both of her predecessors flunked: defusing asset bubbles without doing damage to the economy.

Yellen Faces Test Bernanke Failed: Ease Bubbles – Bloomberg.

Federal Reserve continues taper as Bernanke’s term ends

Posted by Ravi Gulati | Posted in Uncategorized | Posted on 30-01-2014

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The Federal Reserve decided to continue winding down its massive bond-buying program, following Ben Bernanke’s final meeting as chairman of the central bank on Wednesday.

Federal Reserve continues taper as Bernanke’s term ends – Jan. 29, 2014.

Fed tapers bond-buying program by another US$10-billion in January

Posted by Ravi Gulati | Posted in Uncategorized | Posted on 30-01-2014

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WASHINGTON — The U.S. Federal Reserve on Wednesday announced a further US$10 billion reduction in its monthly bond purchases as it stuck to a plan to wind down its extraordinary stimulus despite recent turmoil in emerging markets.

Fed tapers bond-buying program by another US$10-billion in January | Financial Post.

Obama Appeals for Action on Boosting Economic Mobility

Posted by Ravi Gulati | Posted in Uncategorized | Posted on 30-01-2014

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President Barack Obama offered modest steps to chip away at the country’s economic and social challenges in a State of the Union address that reflected the limits imposed on him by a divided Congress.

Obama Appeals for Action on Boosting Economic Mobility – Bloomberg.