Ben Bernanke's Fed

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It’s All About the Benjamin

An Early Look atthe New Fed Chairman

The chair of the Federal Reserve is often described as the second most powerful job in America. By pushing interest rates up and down, the Fed can send ripples throughout global capital markets. This jiggering of rates influences the strength or weakness of the world economy and, ultimately, inflation. No wonder nothing concentrates the minds of investors more than a speech by the Fed’s leader: just by hinting at Fed action, the chair can make or break a day in the international financial markets.

Yet, the new Fed chair, Ben Bernanke, remains something of a mystery to investors ...