Tag: Janet Yellen
The 2008 global financial crisis has had far-reaching implications, depressing markets for years. Charged with US monetary policy, the Federal Reserve Bank, with its mantra of “too big to fail,” is empowered to manage the economic downturn. The central bank’s monetary policies effectively redistribute wealth to the upper tiers of society — and the proof is…
Transfer of Power Arguably the most powerful person in the United States (even rivaling the POTUS), Ben S. Bernanke, has left the Federal Reserve. Since 2006 he has sought to make the economy his marionette. Fed policies, under his direction, worked to manage a collapsed housing market, busted mortgage industry and the 2008 global financial crisis –…