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Tag: Federal Reserve System

Another Big Fed Week: The Bernanke Monetary Policy Testimony to Congress – Money Morning

There’s a key market-moving event this week investors can’t miss: the semi-annual Ben Bernanke monetary policy testimony before Congress on Wednesday (House) and Thursday (Senate).

Congressional legislation known as Humphrey-Hawkins (now expired) required the Federal Reserve’s Open Market Committee to report to Congress on both the state of the U.S. economy and monetary policy twice a year (February and July). The Fed Chairman testifies before Congress in conjunction with the report.

Different Fed Chairman, Same Bad Monetary Policy in 2014 – Money Morning

Last week, President Obama indicated that Federal Reserve Chairman Ben Bernanke will likely step down in January when his term ends. After taking office in 2006 under then-President George W. Bush, Bernanke has facilitated the greatest economic transfer of wealth from America’s grandchildren to banks and foreign nations in the name of sustaining the Keynesian vision of the economic stimulus.

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