Next Fed chief an open question
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WASHINGTON -- As President Bush puts together his second-term Cabinet, the financial world's attention is on a job vacancy 14 months away. The question is who will succeed Federal Reserve chairman Alan Greenspan, now in his 18th year in the job.
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Nominating a successor to Fed chairman Alan Greenspan could be President Bush's biggest economic decision next year.
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A master of mystery much of the time, Federal Reserve Chairman Alan Greenspan has vastly improved the central bank&#39;s communications with Wall Street and Main Street over the past decade.
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The Federal Reserve would raise interest rates if inflation moved higher, the Fedâs chairman, Ben S. Bernanke, said on Thursday.
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Investor's Business Daily - Dallas Fed President Richard Fisher said last Tue.&#39;s surprise 50-basis- point cut in the fed funds rate should help the U.S. economy grow faster than it was before the decision. &quot;There was room to cut, the question was by how much. We decided by 50 basis points . . . that was to provide a little more oomph to economic growth,&quot; he said. Markets had expected a quarter-point cut. Fisher said future rate moves could go in either direction.
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While many expected Ben S. Bernanke to bring a different style to the Federal Reserve, in practice Mr. Bernanke is remarkably similar to his predecessor, Alan Greenspan.
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Amid questions about the economy and the Fed's intentions, sector selection becomes vital.
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A master of mystery much of the time, Federal Reserve Chairman Alan Greenspan has vastly improved the central bank's communications with Wall Street and Main Street over the past decade.
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Fed watchers are set to take over on  Wall Street next week as a Federal Open Market Committee  meeting could give stock investors more clues on the outlook  for interest rates.
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The Fed Chairman struck a familiar chord but showed some concern that subprime woes may spill into the broader economy.
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Famously opaque when he was chairman of the Federal Reserve, Alan Greenspan &#151; the author &#151; says he relished the opportunity to break out of "Fedspeak" and share his own insights about the nation's economy.
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The Federal Reserve is considering  several steps to make its deliberations more transparent, but  are likely to delay a decision on one of Chairman Ben  Bernanke's goals: an explicit inflation target, the Wall Street  Journal reported on Thursday.
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WASHINGTON - The message from Ben Bernanke and his Federal Reserve colleagues is clear: The housing slump will drag on well into next year as credit problems linger. What's not so apparent is how they'll deal with the crisis, although another interest rate cut could come this week.
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Federal Reserve chief offers insights into conditions strained by housing and credit crises.
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Traders probably do not expect anything as seductive as a promise to cut interest rates in Ben S. Bernankeâs update to Congress on the economy and Federal Reserve policy.
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David Dodge, Canada's talkative central bank chief with a colourful turn of phrase, promised he'd keep his mouth shut when he retires at the end of this month -- a contrast to the frequent post-retirement comments from former U.S. Federal Reserve Chairman Alan Greenspan.
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Cody is a long way from the  marble hallways of the Federal Reserve in Washington, but its  fortunes will not be ignored when policy-makers meet to debate  interest rates later this month.