Last week, exiting Federal Reserve Chair Ben Bernanke penned a letter to United States senators to give his thoughts on bitcoin and other virtual currencies. Bernanke has distanced himself from the topic for years, but has now come out confirming that the central bank cannot regulate virtual currencies and added that bitcoins and others like […]
Archives for 2013
Ron Paul speculates Janet Yellen’s Fed appointment may be behind Senate rule change
Texas Republican Congressman Ron Paul appeared on the Fox Business Network on Thursday to discuss the rule change in the Senate that has been deemed “radical” by both opponents of measure and the three-time presidential candidate. Dr. Paul also touched upon the Senate Banking Committee approving 14 to 8 President Obama’s Federal Reserve Chair nominee, […]
Senate Banking Committee approves Janet Yellen as Fed Chair; 14 to 8
Janet Yellen’s move to become the very first woman to head the Federal Reserve System has inched closer Thursday as the Senate Banking Committee voted 14 to 8 in favor of Yellen. Her nomination will now be sent to the Senate for a full vote and is expected to be put in charge of one […]
Video: Healthcare.gov crashes in front of HHS Secretary Kathleen Sebelius
Health and Human Services Secretary Kathleen Sebelius got a first-hand look at Americans attempting to sign up for insurance at Healthcare.gov. What was meant to showcase Sebelius and the website in a positive light actually backfired because it went down right in front of Sebelius. Another man said it crashed three times.
Federal Reserve minutes reveal QE tapering ‘in coming months’
Policymakers at the Federal Reserve stated in a meeting last month that it will begin to taper its $85 billion per month quantitative easing initiative “in the coming months.” The officials discussed whether or not to pull back its bond-buying program before seeing improvements in the labor market. The minutes, which were released Wednesday afternoon […]