Page 16 - Fed Chief News Today

Following some weak economic data that came out last week. yellens going to be appearing on capitol hill tomorrow and thursday. its going to be the first time that we get to hear from the new fed chief since she took control of the central bank last month. investors, theyre going to hang on every darn word that she says. that could give a clue as to how she feels about how the economys doing. also, youre going to see investors really watch to see if the fed may decide to slow down the taper that...

Population. another down day on wall street and dow futures now are down about 90 points. it follows a 100-point gain yesterday. so, look, everything you gained yesterday given back in futures this morning, propelled by news the economy growing at a pretty solid pace. still, it will be the dows seventh drop in nine sessions. lets look at asia right this minute, the nikkei down modestly. europe, stocks down. a big day for ben bernanke and janet yellen. bernanke bids adu to the federal reserve t...

Nickname helicopter ben. critics say the easy money is fueling risky investments, but unwinding stimulus will not be easy and could upset world markets. >> we have now reared an entire generation of investors that have become dependent on qe to buy stocks. >> reporter: the jury is still out on bernankes tenure at the fed, but after such an eventful economic journey, hes earned the right to do something a little less stimulating. maggie lake, cnn, new york. >> i love the picture of ben bernanke i...

Will be separation, there will be reunion. there will be new life. the history books written about the great recession and recovery will likely include several chapters on fed chief ben bernanke. hes not single-handedly responsible for the recovery, but as cnn international correspondent maggie lake tells us, bernankes historic decisions are shaping the way our economy moves. >> reporter: its been a long, perilous eight-year ride for ben bernanke, filled with virtually every economic challenge...

I want to see the labor force participation rate. in august it fell for 35-year low and we know the federal reserve watches that number closely so you can debt ben bernanke and the fed chief will be watching that one as well so thats important to watch the labor force participation rate. these are the kinds of numbers that are super important for whether the fed will be tapering and pulling back on its stimulus so that is an important number to watch. okay. i want to talk about apple. you have o...

Bubble bursting is going to be a major challenge. shes confirmed, that will be her first priority, to try to figure out when to do that. i think also markets in general are happy about a dovish fed chief because frankly the program of quantitative easing has kept the markets up. wall street likes that. at the same time, everybody knows at some point were going to have to ease back. the music is still playing and people are still dancing. >> all right, rana, thanks very much. lets bring back in r...

>> gregg: the share of americans paychecks that go to servicing debt is actually at a 30-year low. i was amazed at that figure. and that is obviously given households more money for consumer products and so forth. so why is economic growth, gdp, so anemic at 2.45%? >> were not seeing the job growth. the unemployment is at 7.3%. yes, its much less than what it was, but look at the labor participation rate. its at its lowest level since 1978. people are giving up looking for work and companies out...

>> what say taper? >> it is not a zoo animal or a cnn anchor or the way to wear your jeans. it is federal reserve chairman ben bernanckes challenge. it is likely the final challenge for this chief. >> stayed a lot longer than he wanted. >> he has done what no fed chief has done before. he is holding a fire hose. spraying $85 billion a month in the economy. taper as unlikely wall street lingo joins a list of quantitative easing and sequester and tarp. if he were a little rascal, he would throw mo...

Housing market come back and 24% below the peak. an amazing five years. im glad im not saying it went down. >> the politics on larry summers is fantastic. he had a situation very similar to syria where he was losing members of his own party and facing potential opposition from the opposing party and shaping out to be a mess for the president. >> hundreds of economists writing their public support for janet yellin. do you think advisers in the white house are irritate with democrats pushing their...

About the connection of who is best positioned to create that and regulate the banking system i think janet yellen. >> i dont want my fed chief to be right 70% of the time. >> try to find another country that is better. >> i know. thank you so much. nice to see you again. five years after the collapse of lehman brothers many every day americans are struggling in this economy. what about the very public faces of the men and women who ushered in the down fall and those who tried to fix it? zain ...