· Chairman Greenspan believed that bubbles are hard to detect, and that there was little need to respond to bubbles in any case since the Fed can always limit the damage after a bubble pops.
Chairman Greenspan believed that bubbles are hard to detect, and that there was little need. course? Federal Reserve governor and vice-chair Janet Yellen endorsed the Greenspan doctrine in.
Janet Yellen will be appointed Fed chair tomorrow.. on the Fed board and six months as chair of the Council of Economic Advisers (CEA). that it needs to consider hiking rates to prevent bubbles from forming in. That requires the Fed be able to correctly diagnose bubbles as they're happening and to.
Commentary: Fed-driven rally is about to end badly. The formula is simple: "When an asset has moved two standard deviations from its long-term real price trend" the markets are in a bubble. That fits "the 1929 bubble, the Nifty-Fifty boom of the 1960s, and the dot-com mania in the late 1990s." So Chancellor reviews the "typical features.
· The Fed operates on a theory that it’s better to clean-up the mess after an asset bubble bursts than it is to try to deflate the bubble in the first place.
History never looks like history. the housing-bubble bust, and policy makers have really got it ass-backwards. They’re taxing the economy, not stimulating it.. Clearly, QE [quantitative easing, in.
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Last year former fed chairman alan greenspan warned of a massive bond market bubble that will be deflated in the process. Former U.S. Treasury Secretary Lawrence Summers says, "tightening involves.
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Unemployment stood at 7.3 percent in October. Some experts have suggested that the Fed may lower the unemployment threshold to 6 percent. "The Fed needs to detect asset bubbles when they are forming," Yellen told the committee, HousingWire reported.
RealtyTrac: 3.8m Homes to Receive Foreclosure Filing in 2010 RealtyTrac: 3.8m Homes to Receive Foreclosure Filing in 2010 Property foreclosure filings in the US dropped 5% over the first half of 2010 as lenders continue to delay proceedings to focus on short sale and loan modification efforts, according to a new report. More than 1.6 million homes received at least one filing, including default notices.
"They’re going to be making sure that they WASHINGTON (Reuters) – President Barack Obama said on Wednesday the person he selects to head the Federal Reserve when Chairman Ben Bernanke’s term ends in January will prevent asset bubbles from forming and try to bring down the unemployment rate.