Tim Iacono submits: Not that anybody probably cares, with all the many other more important world events in the news such as the disaster in Japan, the bloodshed in North Africa, the unrest in the Middle East, the resurgence of the credit crisis in Europe, and the myriad of festering problems in the U.S., but Fed Chief Ben Bernanke’s first interest rate cut
Tim Iacono submits: Well, at least someone in the mainstream financial media has an idea about why Fed chief Ben Bernanke’s comments about gold last week were at the same time so fascinating and so alarming.
Given his track record, Alan Greenspan's publication of a guide to economic forecasting will likely prove as successful as Lance Armstrong's guide to drug-free cycling. As Bloomberg reports, Greenspan's new book "The Map and the Territory" is about as credible as art history by Mr.
United States President Barack Obama said Federal Reserve Chairman Ben Bernanke has stayed in his post “longer than he wanted,” one of the clearest signals the central bank chief will leave when his current term expires next year.
“Ben Bernanke’s done an outstanding job,” Obama said in an interview with Charlie Rose that aired Monday, when asked about nominating him for another term subject to Senate approval. “He’s already stayed a lot longer than he wanted or he was supposed to.”