Lawrence Summers

Janet Yellen, vice chair of the Board of Governors of the Federal Reserve System. (AP Photo/Eugene Hoshiko, File )

Obama to nominate Yellen as Bernanke replacement

WASHINGTON (AP) — President Barack Obama will nominate Federal Reserve vice chair Janet Yellen to succeed Ben Bernanke as chairman of the nation’s central bank, the White House said Tuesday. Yellen would be the first […]

10/08/2013

US Federal Reserve Board Chairman Ben S. Bernanke warns Congress to avoid the 'fiscal cliff.'

Here’s what to watch for Wednesday from the Fed

WASHINGTON (AP) — If there’s one thing global investors are hoping for when the Federal Reserve ends a policy meeting Wednesday, it’s this: No surprises. Pretty much everyone expects the Fed to take its first […]

09/17/2013

(AP Photo)

Summers withdraws name from Fed consideration

WASHINGTON (AP) – Lawrence Summers, who was considered the leading candidate to succeed Ben Bernanke as Federal Reserve chairman, has withdrawn from consideration, the White House said Sunday. Summers’ withdrawal follows growing resistance from critics, […]

09/15/2013

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