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Topic: Chairman of the Federal Reserve


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In the News (Wed 3 Dec 08)

  
  Chairman of the Federal Reserve - Wikipedia, the free encyclopedia
The Chairman of the Board of Governors of the United States Federal Reserve is the head of the central bank of the United States and one of the more important decision-makers in American economic policies.
The Federal Reserve is an independent agency of the United States Government.
The chairman is appointed for a four-year term by the President of the United States (subject to Senate confirmation).
en.wikipedia.org /wiki/Chairman_of_the_Federal_Reserve   (345 words)

  
 Ben Bernanke - Wikipedia, the free encyclopedia
The Honorable Ben Shalom Bernanke (born December 13, 1953) (pronounced \ber-NAN-kee\, \bər-'nan-kē\ or \bɚ.ˈnæn.ki\), a Jewish American macroeconomist, is the Chairman of the Board of Governors of the United States Federal Reserve ("the Fed").
He was previously Chairman of the U.S. President's Council of Economic Advisers (CEA), and member of the Board of Governors of the Federal Reserve, serving from August 2002 until just prior to his June 2005 swearing-in as CEA chairman.
Bernanke was previously the chairman of the Department of Economics at Princeton University.
en.wikipedia.org /wiki/Ben_Bernanke   (792 words)

  
 Federal Reserve System, by Manuel H. Johnson: The Concise Encyclopedia of Economics: Library of Economics and Liberty
The terms of Federal Reserve governors are long (second only to lifetime appointments of federal judges) to insulate the members from political pressures and foster independent decisions.
In addition, the secretary of the Treasury acted as chairman of the board and was an ex officio director along with the comptroller of the currency.
Manuel H. Johnson is cochairman of Johnson Smick International, a consulting firm in Washington, D.C. He was vice chairman of the Federal Reserve Board from 1986 to 1990 and, previous to that, was assistant secretary of the Treasury for economic policy.
www.econlib.org /library/Enc/FederalReserveSystem.html   (1528 words)

  
 Letter from U.S. Congressman Bennie G. Thompson (D-MS) to Federal Reserve Chairman Alan Greenspan. Reprinted with ...   (Site not responding. Last check: 2007-10-13)
The Federal Reserve’s primary reliance on open market operations and the relatively small role played by the discount window permit the Federal Reserve to minimize its involvement in credit allocation and improve its ability to conduct monetary policy for the benefit of the nation as a whole.
The regional Federal Reserve Banks were also empowered to discount trade paper directly, for up to five years' final maturity, showing clearly the intent of the framers that the banks should have the ability to smooth over longer-term market fluctuations as well.
Chairman Greenspan is thinking in "zero-sum game" terms which ignore the fact that the basic purpose of a central bank is to "create money," and that as long as the new money is used productively to create new wealth, the result will be non-inflationary.
cog.kent.edu /lib/Letters.htm   (5526 words)

  
 Chairman of US Federal Reserve assures Congress wages will be kept low   (Site not responding. Last check: 2007-10-13)
In his July 20 testimony before the Senate Banking Committee, US Federal Reserve Board Chairman Alan Greenspan revealed the ruthless class strategy of American big business, which is based on an unrelenting offensive against the wages and living standards of workers.
The Fed chairman did not spell out the consequences of such a move for the jobs and living standards of American workers.
Not so long ago, a Fed chairman would have felt obliged by political constraints to at least acknowledge the economic situation facing the vast majority of the population.
www.wsws.org /articles/2004/jul2004/gnsp-j26.shtml   (1575 words)

  
 Federal Reserve Bank of St. Louis   (Site not responding. Last check: 2007-10-13)
The Federal Reserve Board approved action by the board of directors of the Federal Reserve Bank of St. Louis, increasing the primary credit rate from 5.75 percent to 6 percent, effective May 11, 2006.
ALFRED (Archival Federal Reserve Economic Data) is an application for retrieving vintage versions of economic data.
FRED® is the Federal Reserve's economic and financial database.
www.stlouisfed.org   (674 words)

  
 Preston | Gates | Ellis LLP : David K.Y. Tang Appointed Chairman of the Federal Reserve Bank of San Francisco Board of ...   (Site not responding. Last check: 2007-10-13)
Tang is the current chairman for the Trade Development Alliance of Greater Seattle and sits on the boards of the National Bureau of Asian Research, the National Center for Asia Pacific Economic Cooperation, and the National Committee on U.S.-China Relations.
The Federal Reserve Bank of San Francisco, with branch offices in Los Angeles, Seattle, Salt Lake City and Portland, and a cash processing office in Phoenix, provides wholesale banking services to financial institutions throughout the nine western states.
As the nation's central bank, the Federal Reserve System formulates monetary policy, serves as a bank regulator, administers consumer protection laws, and is fiscal agent for the U.S. government.
www.prestongates.com /newsEvents/releaseDetail.asp?id=432   (479 words)

  
 Federal Reserve Vice Chairman to Deliver UGA Charter Lecture
The Federal Reserve System, often called "the Fed," serves as America's central bank and has enormous influence over U.S. and world economic policy through its power to set interest rates and determine money supply and credit conditions.
Ferguson was chairman of the Group of Ten Working Party on financial sector consolidation, a group formed by finance ministers and central bank governors of the G-10 nations to study the causes and potential effects of consolidation.
Before becoming a member of the Federal Reserve System board, Ferguson was a partner at McKinsey and Co., a New York City international management consulting firm.
www.uga.edu /news-bin/artman/exec/view.cgi?archive=6&num=94&printer=1   (678 words)

  
 Hoag Reappointed Chairman , Mahoney Deputy Chairman of FRB Cleveland; Krueger, Wilson Named Directors; Daberko ...
Robert W. Mahoney, retired chairman of the board and chief executive officer of Diebold, Incorporated, Canton, Ohio, was reappointed a director and deputy chairman of the board.
David H. Hoag, retired chairman, president, and chief executive officer of the LTV Corporation, served as deputy chairman of the board of directors of the Federal Reserve Bank of Cleveland prior to his appointment as chairman in 1997.
He is also chairman of the advisory board for Miami University in Middletown, Ohio; a board member and treasurer of AAA Cincinnati; chairman of the Harmon Civic Trust, and member of the board of trustees of Countryside YMCA.
www.clevelandfed.org /ccca/Press/clvdir01.htm   (1162 words)

  
 MIT alum nominated to head Fed - MIT News Office
MIT alumnus and macroeconomist Ben S. Bernanke (Ph.D. 1979), chairman of the President's Council of Economic Advisers, has been nominated to become chairman of the Federal Reserve.
Alumnus takes reins of Federal Reserve - MIT alumnus and macroeconomist Ben S. Bernanke assumes leadership of the Federal Reserve on Feb. 1.
Federal Reserve expert available for media interviews - MIT professor Kristin Forbes is available to speak with members of the media on the Feb. 1 changeover in leadership at the Federal Reserve.
web.mit.edu /newsoffice/2005/fed-bernanke.html   (732 words)

  
 Welcoming Remarks - News & Conferences, Federal Reserve Bank of Chicago
This year, we will present as our featured speakers the heads of two federal bank regulatory agencies, the chairman and CEO of one of the largest banks in the country, and the coauthor of one of the most important federal laws affecting how all companies, not just financial institutions, do business.
Chairman Greenspan didn't just inherit the respect and authority that comes from being head of the Federal Reserve.
His accomplishments are long and noteworthy, including a 30-year career as chairman and president of Townsend-Greenspan, a stint as Chairman of the President's Council of Economic Advisors under President Ford, and chairman of the National Commission on Social Security Reform from 1981 to 1983.
www.chicagofed.org /news_and_conferences/speeches/2005_05_05_welcoming_remarks.cfm   (904 words)

  
 Liberty Dollar - Federal Reserve links and articles   (Site not responding. Last check: 2007-10-13)
In a recent speech, former Federal Reserve Chairman Paul Volcker voiced his concerns for the future the American economy and that of the rest of the world.
Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything.
The Federal Reserve was illegally established, in 1913, by corrupt legislators in sufficient numbers to sneak the legislation through just hours before Christmas when the honest legislators who would have blocked it were home for the holidays (folks traveled by horse and buggy and trains back then).
www.libertydollar.org /Federal_Reserve.asp   (1357 words)

  
 Transcript: Ben Bernanke's First Congressional Testimony as Fed Chair
In 1987, Alan Greenspan was sworn in as Chairman of the Federal Reserve.
Chairman and members of the committee, I am pleased to be here today to present the Federal Reserve's monetary policy report to the Congress.
The central tendency of the forecasts of members of the Board of Governors and the presidents of Federal Reserve Banks is for real GDP to increase about 3.5 percent in 2006, and 3 percent to 3.5 percent in 2007.
www.washingtonpost.com /wp-dyn/content/article/2006/02/15/AR2006021501367.html   (3067 words)

  
 How Much Do You Know About 'The Federal Reserve'?
In addition, approximately 38% of the stock of the Federal Reserve Bank of New York (as of 1983) was held by banks that are subsidiaries of foreign banks, namely the House of Rothschild which controls the Bank of England.
The assets of the Federal Reserve Banks increased from $143 million dollars in 1913 to $45 billion dollars in 1949, which enriched all of the shareholders of the banks.
Today the nations bullion reserves have dwindled to a mere 281,000,000 ounces ($100 billion dollars) which is minuscule in relationship to the amount of paper currency in circulation and the amount of Treasury debt.
www.rense.com /politics6/fedres.htm   (1751 words)

  
 Remarks by President Bush at Swearing-in Ceremony for the Chairman of the Federal Reserve, Dr. Ben Bernanke
The Fed's actions touch the lives of all Americans, and the Chairman of the Federal Reserve must be a leader of unquestionable credentials, sound judgment and impeccable character.
The Federal Reserve was created by Congress in 1913, and it was entrusted with the power granted originally to the Congress by the U.S. Constitution to coin money and regulate the value thereof.
Accordingly, it is incumbent on the Federal Reserve to report regularly to, and work closely with, the Congress.
www.prnewswire.com /cgi-bin/stories.pl?ACCT=109&STORY=/www/story/02-06-2006/0004275548&EDATE=   (1512 words)

  
 NVCA Meets With Federal Reserve Chairman   (Site not responding. Last check: 2007-10-13)
In June, NVCA Board members were afforded the unique opportunity to meet with Alan Greenspan, Chairman of the Federal Reserve System, at his offices in Washington, D.C. NVCA Chairman Rick Kroon led Chairman Greenspan through a presentation explaining how venture capital works and the state of the industry.
Chairman Greenspan also sought feedback on what effect the success of the venture capital industry was having on capital flows to other segments of the economy.
Federal Reserve staff indicates that Greenspan found the meeting very useful and is interested in continuing a dialogue with the industry.
www.nvca.org /membership/thirdquarter00/greenspan.htm   (154 words)

  
 FundAdvice.com - Alan Greenspan and the Federal Reserve System
The Federal Reserve System, popularly known as "the Fed," is an unusual federal agency created in 1913 to give the government some control over banking, which at that time was mostly unregulated.
The board is led by a chairman and a vice chairman, each appointed by the president for four-year terms.
Alan Greenspan is chairman of the Federal Reserve Board and arguably one of the most powerful individuals in the United States.
www.fundadvice.com /FEhtml/InvestingBasics/fed.html   (1136 words)

  
 Federal Reserve Board: Chairman Bernanke   (Site not responding. Last check: 2007-10-13)
Ben S. Bernanke was sworn in on February 1, 2006, as Chairman and a member of the Board of Governors of the Federal Reserve System.
Before his appointment as Chairman, Dr. Bernanke was Chairman of the President's Council of Economic Advisers, from June 2005 to January 2006.
He was a member of the Board of Governors of the Federal Reserve System from 2002 to 2005; a visiting scholar at the Federal Reserve Banks of Philadelphia (1987-89), Boston (1989-90), and New York (1990-91, 1994-96); and a member of the Academic Advisory Panel at the Federal Reserve Bank of New York (1990-2002).
www.federalreserve.gov /bios/bernanke.htm   (444 words)

  
 Online NewsHour: Greenspan Retires After 18 Years as Fed Chairman -- January 31, 2006
Federal Reserve Chairman Alan Greenspan left it all behind today and stepped down after 18 years as America's central banker.
Chairman Greenspan assured investors that the Fed would provide enough cash to keep the economy going, and it lowered interest rates with a rapid series of cuts.
RAY SUAREZ: During his tenure, Greenspan steered the Federal Reserve through financial crises that rocked Wall Street and threatened the U.S. and world economy, including the 1997 Asian currency crisis, the bursting of the dot-com bubble in 2000, and the terrorist attacks of Sept. 11, 2001, that paralyzed financial markets for days.
www.pbs.org /newshour/bb/economy/jan-june06/greenspan_1-31.html   (2370 words)

  
 Federal Reserve Chairman Alan Greenspan Named
Alan Greenspan, chairman of the Board of Governors of the Federal Reserve System, has accepted Harvard's invitation to be the speaker at Afternoon Exercises during Harvard University's 348th Commencement, on Thursday, June 10.
Greenspan, who took office in 1987, is also chairman of the Federal Open Market Committee, the Federal Reserve System's principal monetary policymaking body.
He has been chairman of the Federal Reserve during the administrations of Presidents Reagan, Bush, and Clinton.
www.news.harvard.edu /gazette/1999/03.25/greenspan.html   (362 words)

  
 SERVICE BY FEDERAL OFFICIALS ON THE BOARD OF DIRECTORS OF THE BANK FOR INTERNATIONAL SETTLEMENTS
The BIS reserves two seats on its Board for the central bank of the United States, but the Federal Reserve Board did not take up these seats until 1994.
On the particular facts here, we believe that the Chairman of the Federal Reserve Board and the President of the Federal Reserve Bank of New York have statutory authority to serve on BIS's Board and that section 208 thus does not preclude or affect that service.
The Board of Governors of the Federal Reserve System shall have the right, in its discretion, to be represented in any conference or negotiations by such representative or representatives as the Board may designate.
www.usdoj.gov /olc/fed208.htm   (1070 words)

  
 U.S. Senator Jim Bunning   (Site not responding. Last check: 2007-10-13)
President, I rise today in opposition to the nomination of Dr. Ben Bernanke to be Chairman of the Board of Governors of the Federal Reserve.
I voted for Dr. Bernanke’s nomination to the Board of Governors of the Federal Reserve in the Senate Banking Committee and on the Senate floor in 2002.
Chairman Greenspan has done an admirable job during his tenure at the Federal Reserve.
bunning.senate.gov /index.cfm?fuseaction=PressReleases.Detail&PressRelease_id=1417&Month=1&Year=2006   (1723 words)

  
 Federal Reserve vice chairman Ferguson resigns - The Boston Globe
Federal Reserve vice chairman Ferguson resigns - The Boston Globe
resigned yesterday as the vice chairman of the Federal Reserve Board, giving President Bush another opening to fill on the powerful panel just three weeks after the arrival of a new chairman.
Two other Bush appointees to the seven-member board, Randall Kroszner and Kevin Warsh, have been approved by the Senate Banking Committee and are awaiting confirmation by the full Senate.
www.boston.com /business/articles/2006/02/23/federal_reserve_vice_chairman_ferguson_resigns   (239 words)

  
 George Scalise named Chairman and Sheila Harris named Deputy Chairman of the Federal Reserve Bank of San Francisco - ...
San Francisco, May 5, 2003 – The Federal Reserve Board of Governors in Washington D.C. has designated George Scalise, President of the Semiconductor Industry Association, as Chairman of the Board and Sheila Harris, Director of Arizona’s Department of Housing, as Deputy Chairman of the Federal Reserve Bank of San Francisco, effective May 1.
Reserve Bank directors also provide their perspective on economic trends in their regions, advise the Bank’s president and the Board of Governors of the Federal Reserve System on the general direction of monetary policy, and establish the Bank’s discount rates, subject to review and determination by the Board of Governors.
The Federal Reserve Bank of San Francisco provides wholesale banking services to financial institutions in the nine western states through the head office in San Francisco and branch offices at Los Angeles, Portland, Salt Lake City, Seattle, and Phoenix.
www.frbsf.org /news/releases/2003/0505_1.html   (599 words)

  
 FEDERAL RESERVE BANK CHAIRMAN HAILS IMMIGRATION'S IMPACT ON ECONOMY
During a speech given on Thursday January 13, 2000, Chairman of the Federal Reserve Bank Alan Greenspan clearly indicated that there would soon be a rise in short-term interest rates.
The Federal Reserve Bank is the central bank of the US and controls the nation’s monetary policy.
Siskind Susser limits its practice strictly to immigration law, a Federal practice area, and we do not claim expertise in the laws of states other than where our attorneys are licensed.
www.visalaw.com /00jan2/5jan200.html   (481 words)

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