Former head of U.S. Fed Reserve says central bank's role was misunderstood
TORONTO - Former Federal Reserve Chair Ben Bernanke says the U.S. central bank needs to work on helping the public understand why it intervened during the recent financial crisis.
In a speech to the Economic Club of Canada, Bernanke says this was one area where the bank could have done better during the crisis.
He says he believes Americans still think the Federal Reserve favoured Wall Street when it bailed out the financial sector.
Bernanke served as the head of the Federal Reserve from 2006 until last year, and played a key role in navigating the United States through the global financial crisis.
He is now an economist at the independent research firm Brookings Institution, headquartered in Washington.
Janet Yellen took the leadership role at the central bank in February.
Read more Business News
- Selling lemonade for teachersKelowna
- K9 units wow crowdsKelowna
- Terry Fox Run raises $100kKelowna
- 4th Thanksgiving food driveKelowna
|QHR Technologies Inc||1.30||0.00|
|Anavex Life Sciences||0.24||0.00|
|Copper Mountain Mining||2.88||+0.12|
|Sunrise Resources Ltd||0.025||0.00|
|Mission Ready Services||0.265||-0.01|
This week my wife wrote a blog for our charities website, I thought you may enjoy reading it here: I was planning to write about the incredible philanthropic Miss Angelina when, funnily enough, she ...
Article written by Linda Bustos Though I’d never recommend “lowest prices” as a unique selling proposition, I notice many retailers use a Price Match Guarantee or even a 110% Guara...
You can’t manage what you can’t control! You can’t manage the number of sales you’re going to make but you can manage the behaviour that will help you make those sales. Obvious...