Paul Volcker, Alan Greenspan, Ben Bernanke and Janet Yellen say Fed should be free from short-term political pressures
WASHINGTON—The former heads of the Federal Reserve made their case Monday for the central bank to remain independent and free from short-term political pressures, an implicit rebuttal to President Trump’s repeated criticism of the institution.
All four former still-living Fed chairs—Paul Volcker, Alan Greenspan, Ben Bernanke and Janet Yellen—cosigned an op-ed in The Wall Street Journal on Monday underlining their belief that the central bank and its leader should be allowed to serve without political pressures or “the threat...
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former Fed chairs Volcker, Greenspan, Bernanke and Yellen call for independent Fed in WSJ op-edStock futures fell on Monday night, adding to Wall Street's losses from its worst day of 2019 amid intensifying trade-war fears.
Read more »
Former Fed chairs say U.S. central bank must be free of 'political pressures'The four living former chairs of the Federal Reserve on Monday called for the U....
Read more »
Banks Confront Fed on Faster Financial PaymentsBig banks are fighting a likely U.S. government effort to speed up how money moves through its payments system, arguing this could derail their private network.
Read more »
The Fed cuts rates for the first time in over a decadeInvestors are already hankering for more
Read more »
Bank lending standards for firms easing long-term, Fed survey showsU.S. banks left loan standards unchanged on commercial and industrial loans to l...
Read more »
The Fed plans to create a system that would allow Americans to transfer money fasterCurrently, bank customers have to wait up to several days for transactions to pull through to their accounts.
Read more »