Page 32 - Fed Chief News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Bubble bursting is going to be a major challenge. she's 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 we're going to have to ease back. the music is still playing and people are still dancing. >> all right, rana, thanks very much. let's bring back in richard quest and gloria borger as we await the moment the president will walk out, janet yellen w...

>> 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%? >> we're not seeing the job growth. the unemployment is at 7.3%. yes, it's much less than what it was, but look at the labor participation rate. it's at its lowest level since 1978. people are giving up looking for work and companies out there are afraid to hire. they're sitting on a trillion dollars of cash on the side lines. ther...

>> 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 bernancke's 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 money from the window. the dilemma for the fed, take away the training wheels too soon and the econom...

Housing market come back and 24% below the peak. an amazing five years. i'm glad i'm 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 candidate so hard? >> definitely. the big question now will be the president be less likely to pi...

About the connection of who is best positioned to create that and regulate the banking system i think janet yellen. >> i don't 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 asher joins us with a look. you may remember the former ceo of lehman brothers. he led his compan...