Entries Tagged as 'governors'

The Loneliest Beard In The World

March 1st, 2010 · 2 Comments · governors

Looks like the job market is finally turning around – there’s another opening at the Fed, as Ben’s Vice Chairman, Donald Kohn, announced his retirement this morning. When he leaves at the end of his term in June, that will be three vacancies on the board of governors, which means your chances for landing the […]

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They Actually Did Do Something

August 13th, 2009 · 3 Comments · bernanke, governors

So as not to ruin what passes for jokes around here, yesterday evening I might have said that the Fed did nothing, which is true as far as interest rates go but that is not actually all that crowd does, and not all it did yesterday. The bigger news coming out of the FOMC crew […]

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And Worth Every Penny

August 12th, 2009 · 3 Comments · bernanke, governors, zirp

As Federal Reserve Chairman, Ben Bernanke rakes in a salary of $191, 300, a number which we can only hope includes performance bonuses. He heads up an agency that happens to be the largest bank in the world. It issues currency, is a bank for both the government and for giant commercial banks (acting as […]

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NY Fed: OMG Teh Drama!

July 2nd, 2009 · No Comments · governors, Timmay

WSJ tells us this morning that the executive board of the New York Fed is beginning to chafe at the bit, as rules and pressure impair their ability to rule the world from that post – and occasionally even impair their inability to do the job in question. First, Timmay was a way total bitch […]

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I Can Has Status Quo

January 28th, 2009 · 2 Comments · bernanke, governors, zirp

FOMC looks under the bed, sees fail, sticks with the ZIRP, surprises no one: The Federal Open Market Committee decided today to keep its target range for the federal funds rate at 0 to 1/4 percent.┬áThe Committee continues to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal funds rate […]

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