President Obama is expected to nominate Ben Bernanke to a second term as head of the Federal Reserve, a senior administration official told CNN Monday night.[caption id="attachment_1927" align="alignright" width="220" caption="Bernanke Gets A Second Term"][/caption]
The source asked not to be identified because the announcement had not yet been made.
Obama is expected to make the announcement on Tuesday morning at Martha's Vineyard, Mass., where he is vacationing.
Bernanke, a Republican who has played a central role in the government's... ( read more )
Posts Tagged with ‘bernanke’
August 21, 2009 - Volatility Expected Today on US Homes Sales and Bernanke...
The U.S. Dollar is expected to go volatile today on U.S. Homes Sales data and the speech by Federal Reserve Chairman Ben Bernanke at 14:00 GMT. Bernanke is expected to discuss the economic crisis and recovery. With regards to the home sales data, the figure is expected to rise to 5.03 million, up from the previous figure of 4.89 million. Forex traders should follow both of these events closely as they are set to determine the USD's main crosses for Friday's trading. [caption id="attachment_1866" align="alignright" width="200" caption="Bernanke ... ( read more )
July 24, 2009 - Bernanke and Geithner Testimony’s Will Set the Pac...
[caption id="attachment_1761" align="alignleft" width="128" caption="USD Weakens"][/caption]
The USD is set for another volatile action-packed trading day as this weeks' trading comes to a close. The Dollar saw sharp moves against the EUR, GBP and JPY yesterday. This type of behavior is set to continue today as vital economic news is set to come out of the U.S. The economic events that are set to lead the forex market are the publication of U.S. Revised UoM Consumer Sentiment at 13:55 GMT, Federal Reserve Chairman Ben Bernanke's Testimony and ... ( read more )
March 20, 2009 - Chairman Bernanke is Scheduled To Speak Today
The has continued its weekly demise this week , as it reached close to a two month low against the EUR on Thursday. The greenback also saw significant downtrends against the GBP and the JPY as well. The Federal Reserve's decision to expand the supply of Dollars by buying government debt, which was announced 2 days ago, is continuing to severely damage the U.S currency. Yesterday the USD lost a staggering 200 pips against the EUR to close at 1.3659. Against the JPY, the Dollar dropped a staggering 150 pips or 1.5% to close at 94.55. The Dollar's... ( read more )
July 10, 2008 - Fed Chairman Bernanke Testifies Today
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The Dollar lost versus all of the major currencies yesterday. The USD lost 62 points against the EUR and closed at 1.5742. Traders should also note that the USD lost 148 points vs. the GBP, ultimately closing 1.9834. Yesterday only one indicator came to light, which did not have a clear effect on the greenback. The Crude Oil Inventories that came in lower than expected at -5.9M were announced.
Looking further today, three indicators will be published. The Unemployment Claims is forecasted to decline to 397k after being recorded at a su... ( read more )