Ben Bernanke

It's not every day that Federal Reserve Chairman Ben Bernanke offers "an unusually strident defense of the dollar," said Emily Kaiser in Reuters. Ordinarily, Fed chairmen "avoid the subject altogether,"

Read more: Will We See an Uncontrolled Decline in the Dollar? | In this article: The Fed, United States, China, Inflation, Asia, Barack Obama, Beijing, and Recession

"While I have had serious differences with the Federal Reserve over the past few years, I think reappointing Chairman Bernanke is probably the right choice," Dodd said. "Chairman Bernanke was too slow to act during the early stages of the foreclosure crisis, but he ultimately demonstrated effective leadership and his reappointment sends the right signal to the markets."

Read more: Bernanke's future dims | In this article: Chris Dodd, Federal Reserve, Recession, Timothy Geithner, E mail, Joint Economic Committee, Merck, and Tina Fey

Asked by a citizen journalist if it was a foregone conclusion that Bernanke's nomination for a second term would be confirmed by the Senate, Dodd replied: "Not necessarily, not necessarily. We'll see how members react."

Read more: Dodd Muted On Bernanke Renomination Prospects | In this article: Christopher Dodd, Federal Reserve, Best interests, E mail, Unemployment, and YouTube

"It's the President's call at this point because those are his choices." Dodd also said of Bernanke: "I'm inclined to be supportive. I think he's done a far better job in the last couple of years than he did initially."

Read more: Dodd Muted On Bernanke Renomination Prospects | In this article: Christopher Dodd, Federal Reserve, Best interests, E mail, Unemployment, and YouTube

"We will need another 12 months of 4 percent to 5 percent nominal GDP growth before Bernanke and company dare lift their heads out of the 0 percent foxhole - mini-bubbles or not," Gross wrote.

Read more: Pimco's Gross does not see rate rise soon | In this article: Bill Gross, Inflation, Pacific Investment Management Co, S&P 500, NEW YORK, and U.S.

Those factors "likely will prevent the expansion from being as robust as we would hope," Bernanke said.

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"[Bernanke] and Greenspan said that identifying bubbles was difficult, but that cleaning up after them was manageable. That has clearly been shown to be untrue." Actually, Bernanke isn't saying that it's impossible to outsmart the market and spot a bubble in the makingaEUR"only that "it's extraordinarily difficult." Right now, he told an audience of 1,800 at a Nov. 16 Economic Club of New York luncheon, "it's not obvious to me that there's any large misalignments in the U.S. financial system."

Read more: Is the Fed creating new bubbles? | In this article: The Fed, Ben S. Bernanke, Alan Greenspan, Barack Obama, U.S., Hong Kong, Futures contract, Copper, and New York University

He noted that the Fed was "attentive to the implications of changes in the value of the dollar and will continue to formulate policy to guard against risks to our dual mandate to foster both maximum employment and price stability. Our commitment to our dual objectives, together with the underlying strengths of the US economy, will help ensure that the dollar is strong and a source of global financial stability. "

Read more: Words from the Investment Wise 11.22.09 | In this article: The Fed, United States, Inflation, Northern Trust, S&P 500, Financial Times, China, Recession, and Tim Geithner

G0LDMAN probably played a leading role as enab1er as Bernanke said, "AIG exploited..gap in regulatory system..and was a hedge fund..making huge numbers of irresponsible bets/losses."

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"The relatively obscure KRE is, we believe, the most reliable indicator of whether the panoply of political programs is truly kick-starting a sustainable U.S. recovery -- and whether the optimism of U.S. equity investors is justified," said Coxe. So far, little of the government money given to big banks has reached those who need it most. "Access to credit remains strained for borrowers who are particularly dependent on banks, such as households and small businesses," Federal Reserve Chairman Ben Bernanke said on Monday. For the economy to gain long-term momentum, banks of all stripes will have to start lending again more freely. "There are limits on what even the Fed and Congress can do,"

Read more: Small bank index suggests recovery is elusive | In this article: U.S., S&P 500, The Fed, and Federal Deposit Insurance Corp.