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UPI Almanac for Saturday, Aug. 23, 2014

UPI Almanac for Saturday, Aug. 23, 2014

UPI Almanac for Saturday, Aug. 23, 2014
By United Press International
Stanley Fischer confirmed by Senate to Fed board

Stanley Fischer confirmed by Senate to Fed board

WASHINGTON, May 21 (UPI) --Former Bank of Israel Governor Stanley Fischer was confirmed by the U.S Senate to the Federal Reserve's board, delaying a vote to nominate him as its vice chair.
Ananth Baliga
The Issue: Number without unemployment benefits approaching 2 million

The Issue: Number without unemployment benefits approaching 2 million

Friday marks two full months since 1.3 million long-term unemployed lost their extended benefits and their numbers have swelled by 576,000 since.
MARCELLA S. KREITER, United Press International

Fed policymakers reconsidering unemployment target

WASHINGTON, Feb. 19 (UPI) -- The Federal Reserve's minutes for the late January policy meeting reflect unease within the Open Market Committee with the current unemployment target.
Yellen says Fed will likely continue to taper QE3

Yellen says Fed will likely continue to taper QE3

WASHINGTON, Feb. 11 (UPI) -- The U.S. Federal Reserve will likely continue to reduce its asset purchasing program, Fed Chairwoman Janet Yellen told a congressional panel Tuesday morning.

Ben Bernanke takes post at Brookings Institution

WASHINGTON, Feb. 3 (UPI) -- The Brookings Institution in Washington said Monday its newest employee is former Federal Reserve Chairman Ben Bernanke.
Janet Yellen sworn in as first female Federal Reserve leader

Janet Yellen sworn in as first female Federal Reserve leader

WASHINGTON, Feb. 3 (UPI) -- Janet Yellen was sworn in Monday as the first female head of the U.S. Federal Reserve, succeeding Ben Bernanke, whose term expired last week.

The almanac

UPI Almanac for Saturday, Feb. 1, 2014.
By United Press International
Federal Reserve further unwinds asset buying

Federal Reserve further unwinds asset buying

WASHINGTON, Jan. 29 (UPI) -- The U.S. central bank said Wednesday it will reduce its asset buying program to $65 billion in February, the second $10 billion drop in as many months.

Survey: 'Obamacare' won't change business conditions

WASHINGTON, Jan. 27 (UPI) -- The vast majority of U.S. industry leaders say President Obama's healthcare law will not change business conditions, a survey released Monday indicated.
U.S. unemployment rate drops to 6.7 percent

U.S. unemployment rate drops to 6.7 percent

WASHINGTON, Jan. 10 (UPI) -- The U.S. unemployment rate dropped to 6.7 percent in December with a far-lower-than-expected 74,000 new jobs, the Labor Department said Friday.
Janet Yellen becomes first woman to lead Federal Reserve

Janet Yellen becomes first woman to lead Federal Reserve

WASHINGTON, Jan. 6 (UPI) -- The U.S. Senate Monday voted to confirm Janet Yellen as the first woman to head the Federal Reserve, replacing Ben Bernanke.
Dow up, Nasdaq, S&P 500 down at close of Friday's trading

Dow up, Nasdaq, S&P 500 down at close of Friday's trading

NEW YORK, Jan. 3 (UPI) -- The Dow Jones closed up while the Nasdaq and Standard & Poor's 500 lost ground Friday on positive comments by U.S. Federal Reserve chief Ben Bernanke.
Bernanke reflects on term: 'Recovery clearly remains incomplete'

Bernanke reflects on term: 'Recovery clearly remains incomplete'

PHILADELPHIA, Jan. 3 (UPI) -- Ben Bernanke, speaking on eight years as U.S. Federal Reserve chief, said Friday recovery from the deepest recession since the Great Depression isn't complete.
At year's end: Economic recovery is taking shape

At year's end: Economic recovery is taking shape

The question in an economic recovery invariably flips, in time, from when will it finally occur to what will it look like.
ANTHONY HALL, United Press International
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Ben Bernanke
Federal Reserve Board Chairman Ben Bernanke testifies before a House Financial Services Committee hearing on the Humphrey-Hawkins Semi-Annual Report of the Federal Reserve on Monetary Policy in Washington on July 21, 2009. (UPI Photo/Kevin Dietsch)
Wiki

Ben Shalom Bernanke (English pronunciation: /bərˈnæŋki/ bər-nang-kee; born 1953) is an American economist, and the current Chairman of the Federal Reserve, the central bank of the United States. During his tenure as Chairman, Bernanke has overseen the response of the Federal Reserve to late-2000s financial crisis.

Bernanke was a tenured professor at Princeton University and was chair of the Department of Economics there from 1996 to September 2002, when he went on public service leave. From 2002 until 2005, he served as a member of the Board of Governors of the Federal Reserve System. Here he outlined the Bernanke Doctrine and first spoke of the Great Moderation, where he postulated that we are in a new era, where modern macroeconomic policy has decreased the volatility of the business cycle. He then served as Chairman of President George W. Bush's Council of Economic Advisers before President Bush appointed him to be Chairman of the United States Federal Reserve on February 1, 2006. Bernanke was confirmed for a second term as Chairman on January 28, 2010, after being nominated by President Barack Obama.

Bernanke was born in North Augusta, South Carolina, and was raised in a ranch-style house on East Jefferson Street in Dillon, South Carolina. His father Philip was a pharmacist and part-time theater manager, and his mother Edna was an elementary schoolteacher. He is the eldest of three children, having a brother and sister. His younger brother, Seth, is a lawyer in Charlotte, North Carolina, and his younger sister, Sharon, is a longtime administrator at Berklee College of Music in Boston.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Ben Bernanke."
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