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Janet Yellen follows Ben Bernanke as Fed Chief

Ben Bernanke will step down as Fed Chief in January. President Obama will nominate Janet Yellen.

Oct 9 2013, 7:35am CDT | by

11 Updates
Janet Yellen follows Ben Bernanke as Fed Chief
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Janet Yellen follows Ben Bernanke as Fed Chief

Janet Yellen would be the first woman to head the Federal Reserve Bank. She has been the Vice President of the Fed since 2010. The Senate will still need to confirm Obama's nomination. Bloomberg has a piece about what the Janet Yellen as Chairman of the Federal Reserve Bank would mean for America.

Ben Bernanke has been at the helm of the Fed for the past 8 years. Time flies. It almost feels like yesterday that Alan Greenspan was Chairman of the Fed.

Obama will make the nomination of the announcement this afternoon. 

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Update: 11

Stocks to rise, geopolitical tensions ease, traders look to Fed for rate hint

Source: Canadian Business Online

TORONTO – The Toronto stock market looked set to advance Monday amid a further lessening of tensions in the Ukraine/Russian crisis, while traders looked ahead to a heavy slate of economic events this week. The Canadian dollar was up 0.07 of a cent to 91.91 cents US. U.S. futures were higher with the Dow Jones industrial futures ahead 88 points to 16,719, the Nasdaq futures gained 21.8 points to 4,006.8 and the S&P 500 futures rose 10.75 points to 1,963.25. Sentim ...
Source: Canadian Business Online   Full article at: Canadian Business Online 2 days ago, 7:27am CDT


Update: 10

Week in FX Europe – the Euro Needs a Catalyst

Source: Forex News

Lower for longer rates policy remains intact Global bourses eke out a weekly win Periphery debt outperforms Bunds Weak global data has the market again pricing the lower-for-longer mantra mostly in play by the main central banks. Investors this week were exposed to a multitude of weaker economic reports from Japan to Europe and even the U.S. Similarly, Bank of England (BoE) Governor Mark Carney has managed to kibosh the market’s pricing of a BoE rate hike in the fourth quart ...
Source: Forex News   Full article at: Forex News 2 days ago, 5:21am CDT

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Update: 9

Asian shares mostly higher but Russia-Ukraine tensions weigh

Source: Channel News Asia

HONG KONG: Asian shares mostly rose on Monday (Aug 18) but gains were capped by the latest round of tensions between Russia and Ukraine despite some progress cited in the "difficult" negotiations between both sides.Also weighing on sentiment was a report showing China's foreign direct investment slumped to a two-year low, adding to a series of downbeat data about the world's second largest economy. Traders work at the Hong Kong Stock ...
Source: Channel News Asia   Full article at: Channel News Asia 2 days ago, 5:14am CDT

Update: 7

Global Markets Are Staging A Nice Rally (DIA, SPY, SPX, QQQ)

Source: The Business Insider

European markets are up early Monday.  Here's the scorecard: Britain's FTSE 100 is up 0.59%. France's CAC 40 is up 1.14%. Germany's DAX is down 1.42%.  Spain's IBEX is down 0.83%. Italy's FTSE MIB is down 0.81%. Asian markets closed flat with Japan's Nikkei up 0.03% and Hong Kong's Hang Seng closing unchanged. U.S. futures are up with Dow futures down 72 points and Na ...
Source: The Business Insider   Full article at: The Business Insider 2 days ago, 4:47am CDT

Update: 6

Asia stock markets subdued after Ukraine clash, investors look ahead to Jackson Hole symposium

Source: Canadian Business Online

Asian stocks drifted Monday as caution lingered after markets tumbled at the end of last week on reports Ukraine destroyed a Russian military convoy that had entered its east. KEEPING SCORE: Japan’s Nikkei 225 was up 0.1 per cent at 15,329.56 while Seoul’s Kospi was down 0.4 per cent at 2,055.68. Hong Kong’s Hang Seng shed 0.7 per cent to 24,771.42. Australia’s S&P/ASX 200 added 0.1 per cent to 5,571.40. Southeast Asian markets were mixed. UKRAINE: Ukrainian army troops p ...
Source: Canadian Business Online   Full article at: Canadian Business Online 2 days ago, 12:50am CDT

Update: 5

Short-EUR Position Plays Require Patience

Source: Forex News

New dynamics are now entering the fray. Prior to this week, capital markets were beginning to buy into the notion the Bank of England (BoE) would initiate a rate hike as early as the fourth quarter. A day and a couple of reports later, the market is focusing on the need for further stimulus to come from the European Central Bank (ECB) and Bank of Japan (BoJ). Sustainable volatility requires rate divergen ...
Source: Forex News   Full article at: Forex News 5 days ago, 5:16am CDT

Update: 4

Why All of the U.S. Treasurers Since 1949 Have Been Women

Source: The Atlantic

When Janet Yellen made history last year by becoming the first female chair of the Federal Reserve, economists and women’s advocates alike cheered the move. But Yellen’s victory also renewed scrutiny of the gender gap in top financial positions. While other departments such as Commerce and Interior have welcomed female chiefs into their ranks, the Fed and Treasury continue to be populated mostly by graying white men. However, this oft-repeated narra ...
Source: The Atlantic   Full article at: The Atlantic 6 days ago, 12:21pm CDT

Update: 3

China Appears Ready to Dump Its U.S. Treasury Bonds

Source: Big Government

Although investors hang on every comment by Federal Reserve Chairwoman Janet Yellen to get insight on the direction of interest rates and what it means for the economy and asset prices, the real power to determine U.S. interest rates may be in the hands of China, according to Lombard Street Research. Facing an overvalued currency that is hurting corporate profits and slowing growth, China appears ready to dump its $1.3 tril ...
Source: Big Government   Full article at: Big Government 1 week ago, 8:41pm CDT

Update: 2

US job openings hit 13-year high

Source: Channel News Asia

WASHINGTON: The number of US job openings hit a 13-year high in June and more workers quit their jobs, pointing to a tightening labour market, Labour Department data showed on Tuesday (Aug 12).Non-farm job openings in the private and public sectors rose to 4.7 million on the last business day of June, from 4.6 million in May. That was the largest number of openings since February 2001, and increases were seen across the entire country. Job openings have trended upward since January by an ave ...
Source: Channel News Asia   Full article at: Channel News Asia Aug 12 2014, 3:42pm CDT

Update: 1

Let's Kill All Nego Pundits

Source: Forbes Real Time

Charts on sentiment wax negative, but don't take this as a leading indicator that a market drop of 10% is around the corner. Everyone has gotten into the act, starting with Janet Yellen's nego comments on Internet properties and mid-sized biotech houses. (Nobody ...
Source: Forbes Real Time   Full article at: Forbes Real Time Aug 12 2014, 3:14pm CDT

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr (Google) is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at




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