Topic: William McChesney Martin

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  • The Fed speaks: Five times Federal Reserve chairmen made waves with words

    The Fed speaks: Five times Federal Reserve chairmen made waves with words

    The Federal Reserve, the institution tasked with guarding the economy against inflation and financial instability, has long made headlines for its words as well as its actions. An utterance from the chairman can help reassure financial markets or raise concerns about the economy. Now the central bank is moving to explain itself more openly in its first-ever formalized press conferences, so the opportunity for Fed officials to make market-moving pronouncements may increase. Here's a look at some moments when a Fed chairman has made waves with his words.

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  • The Fed speaks: Five times Federal Reserve chairmen made waves with words

    The Fed speaks: Five times Federal Reserve chairmen made waves with words

    The Federal Reserve, the institution tasked with guarding the economy against inflation and financial instability, has long made headlines for its words as well as its actions. An utterance from the chairman can help reassure financial markets or raise concerns about the economy. Now the central bank is moving to explain itself more openly in its first-ever formalized press conferences, so the opportunity for Fed officials to make market-moving pronouncements may increase. Here's a look at some moments when a Fed chairman has made waves with his words.

  • Federal Reserve chair to GOP: Don't take that punch bowl away

    Federal Reserve chair to GOP: Don't take that punch bowl away

    The punch bowl analogy is one that often gets mentioned when a Fed chief appears before Congress. Translation: The Federal Reserve thinks the economic recovery remains fragile.

  • The Fed creates a pretty fantasy...

    The Daily Reckoning The Fed creates a pretty fantasy...

    ...and we all believe it till the bubble pops. Quantitative easing (QE) injects play money into the economy. It can't fix the problem, but it can blow a big, big bubble.

  • Five questions for Ben Bernanke

    Five questions for Ben Bernanke

    The Senate is likely to confirm him, but not without asking things like 'How soon will you raise interest rates?'