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Standing strong for America in 2014

COLLEGE PARK, Md., Dec. 30 (UPI) -- The U.S. economy is gaining strength but the Obamacare train wreck, festering problems in far away China and uncertain leadership at the Federal Reserve could derail the recovery.
PETER MORICI, UPI Outside View Commentator
Senate advances Yellen nomination for Federal Reserve chair

Senate advances Yellen nomination for Federal Reserve chair

WASHINGTON, Dec. 20 (UPI) -- The nomination of Janet Yellen as the next head of the Federal Reserve advanced in the U.S. Senate Friday with senators voting to end debate on the matter.
Final estimate puts GDP in third quarter up 4.1 percent

Final estimate puts GDP in third quarter up 4.1 percent

WASHINGTON, Dec. 20 (UPI) -- The U.S. economy grew at an annual rate of 4.1 percent in the third quarter of the year, the Commerce Department said Friday.

Markets take off on Fed announcement

NEW YORK, Dec. 18 (UPI) -- Blue-chip stocks closed at a record high in New York Wednesday, with markets perking up when the Federal Reserve announced a long-anticipated policy shift.

Federal Reserve to pull back on asset purchases

WASHINGTON, Dec. 18 (UPI) -- The Federal Reserve said Wednesday it will begin in January to pull back on asset purchases by $10 billion per month because of an improved employment outlook.
Federal Reserve to taper its stimulus program starting January

Federal Reserve to taper its stimulus program starting January

Dec. 18 (UPI)Stocks reach records as the Fed announces gradual stimulus taper.
Sonali Basak
Major reports under shadow of Fed headliner

Major reports under shadow of Fed headliner

NEW YORK, Dec. 16 (UPI) -- A week with no shortage of critical economic reports is sure to be overshadowed by the U.S. Federal Reserve's monetary policy announcement on Wednesday.
Markets flat, end week lower

Markets flat, end week lower

NEW YORK, Dec. 13 (UPI) -- U.S. markets closed flat Friday, but lower for the week with investors concerned about a possible Federal Reserve policy shift.
Stanley Fischer top choice to replace Yellen at the Federal Reserve

Stanley Fischer top choice to replace Yellen at the Federal Reserve

Dec. 11 (UPI) -- The Federal Reserve's top nominee to replace Janet Yellen as vice chairman could be central banker Stanley Fischer.
Sonali Basak

Regulators adopt Volcker Rule

WASHINGTON, Dec. 10 (UPI) -- U.S. regulators Tuesday voted to adopt the so-called Volcker rule meant to limit the ability of banks to use their own money to make risky investment bets.
Regulators vote on Volcker rule, passed unanimously by the Fed and the FDIC

Regulators vote on Volcker rule, passed unanimously by the Fed and the FDIC

Dec. 10 (UPI) -- The Volcker Rule passed Tuesday to regulate risky investments in big banks, after months of controversy and debate.
Sonali Basak

Economists: U.S. growth to pick up speed in 2014

WASHINGTON, Dec. 9 (UPI) -- U.S. economic growth will speed up into next year, with the jobless rate averaging the current 7 percent, a business economists survey released Monday showed.
Politics: Congress' to-do list could require time it doesn't have

Politics: Congress' to-do list could require time it doesn't have

The good news for the U.S. Congress is that members have the month of December to complete their laundry list of items -- including a farm bill, food stamps, a budget for the fiscal year that began Oct. 1, a slew of presidential nominations, possibly revisiting unemployment benefits, maybe take up imposing more sanctions on Iran -- before 2014.
NICOLE DEBEVEC, United Press International
Chinese finance firms banned from Bitcoin

Chinese finance firms banned from Bitcoin

Dec. 5 (UPI) -- The People's Bank of China on Thursday barred financial institutions from deposits and trusts of the Bitcoin virtual currency, but this isn't stopping Chinese merchants from taking Bitcoin transactions.
Sonali Basak
CEO optimism rises to highest in two years, after falling in September

CEO optimism rises to highest in two years, after falling in September

Dec. 4 (UPI) -- U.S. CEOs are optimistic and sales and hiring outlooks rise, and Boeing chief McNerney thinks the economy is taking off a greater speed.
Sonali Basak
Page 2 of 36
Photos
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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