Bernanke musters maximum revolving-door dignity

April 16, 2015

The Fed boss turned blogger will advise $25 bln hedge fund Citadel. Critics may object, and the move won’t help the U.S. central bank’s image of being above the fray. But former public servants deserve to work for pay. At least Bernanke waited over a year and didn’t join a bank.

Federal Reserve running out of taboos to break

September 21, 2012

One regional head of the U.S. central bank admitted the latest QE broadside would debase the dollar. Another said an above-target inflation rate would be tolerable. Both follow from the Fed’s war on stagnation, but actually saying so could bring domestic and foreign brickbats.

Bernanke’s Asian defence is an implausible yarn

October 15, 2012

The Fed chief claims money-printing by advanced nations is not the “dominant” force behind surging capital flows to emerging economies, and that they benefit from stronger demand in the West. Evidence suggests his first claim is wrong, while the second is impossible to verify.

Bernanke deserves art museum spot next to Pollock

May 16, 2013

A record $495 mln Christie’s sale set new highs for the abstract expressionist and other artists. More collectors than ever have $20 mln to spend on a single work. It paints a picture of an art world indebted to the Fed chairman and his alternative asset-friendly monetary policy.

Review: “Money for Nothing” sets crisis-film high

September 13, 2013

A new documentary on the history of the Federal Reserve avoids many of the ideological traps that infect the current debate over the central bank’s critical role. Director Jim Bruce’s constructive approach also steers clear of the pitfalls of previous attempts to document 2008.

Bernanke’s two-word dilemma

October 30, 2009

When Ben Bernanke and other members of the Federal Open Market Committee meet next week, the tough decision won't be what to do about current monetary policy; it will be what to do with two words: extended period.