By Joseph Lawler | 11/14/13 05:32 AM
As a star economist and vice chairman of the Federal Reserve since 2010, Janet Yellen had a compelling claim to succeed Ben Bernanke as Fed chairman. But it was political machinations that led to her nomination for the top job.
By Joseph Lawler | 11/14/13 05:13 AM
Is tapering tightening? Janet Yellen may not get that question in those exact words at her confirmation hearing Thursday, but it is one she will have to answer successfully to succeed if she is installed as the chairman of the Federal Reserve early next year.
By Bloomberg News | 11/13/13 04:44 PM
U.S. stocks rose, with the Standard & Poor’s 500 Index climbing to a record, as retailers led gains amid optimism about the holiday shopping season. Emerging market stocks extended the longest slump in seven years while Treasuries advanced and oil rebounded from a five-month low.
By Joseph Lawler | 11/13/13 12:57 PM
Who will begin unwinding the Fed's $85-billion-a-month bond-buying program: Ben Bernanke or Janet Yellen?
By Joseph Lawler | 11/13/13 12:40 PM
Ted Cruz is joining fellow Republican Sen. Rand Paul's bid to get a Senate vote on a bill to audit the Federal Reserve by holding up Janet Yellen's nomination to be Fed chairman. Ahead of Yellen's confirmation hearing on Thursday morning, the Texan said in a statement: "I agree with Rand Paul:...
By Timothy P. Carney | 11/12/13 06:09 PM
A small group of unelected government officials in Washington have the power to bail out banks and other financial institutions, free from budgetary constraints or democratic accountability. Yet insiders don't think the public has any right to know what's going behind the curtain. Sen. Rand...
By Joseph Lawler | 11/12/13 11:21 AM
America’s small businesses remain pessimistic about the economy, but the problems they’re facing have changed over the past year.
By Joseph Lawler | 11/11/13 02:56 PM
American Action Forum President Douglas Holtz-Eakin is pushing back against complacency over deficits this week and calling for renewed attention to the problem of the United States’ long-term debt.
By Zack Colman | 11/10/13 10:38 AM
Sen. Lindsey Graham said he would continue to block two of President Obama's nominees despite CBS retracting a story on the Benghazi attack that the South Carolina Republican cited when making his threat. Graham said in October that he would put a procedural hold on Homeland Security secretary...
By Joseph Lawler | 11/04/13 10:33 AM
The government shutdown and debt limit fight is in the past, in terms of politics. For the U.S. economy, however, the fallout is yet to be quantified. On Friday, the federal government will release its delayed October jobs report, the biggest early indicator report yet on how much the...
By Susan Crabtree | 12/06/13
By Richard Pollock | 12/06/13
By Byron York | 12/05/13
By Timothy P. Carney | 12/05/13
By Philip Klein | 12/05/13