Slower rising prices might have given Ben Bernanke an easy taper escape.Stephen Gandel, senior editor - Sep 18, 2013 2:30 PM ET
The economy is recovering but still very fragile as the Federal Reserve prepares to start tapering.
FORTUNE – It's a big day on Wall Street. As policymakers at the U.S. Federal Reserve wrap up with two-day meeting Wednesday, they'll decide whether the economy is solid enough to start winding down its stimulus program, called quantitative easing. The central bank's $85 billion-a-month bond-buying program has helped drive down long-term interest rates to MORENin-Hai Tseng, Writer - Sep 18, 2013 10:19 AM ET
In the high-profile race for Fed chair, there's one hands-on favorite: Harvard University
By David Whitford, editor-at-large
FORTUNE -- Whichever way the battle to replace Ben Bernanke as chairman of the Federal Reserve resolves -- surprise, surprise -- it's all about Harvard.
Although not the college so much. The only player in this drama with a Harvard B.A. is the one who's about to exit. Bernanke graduated in 1975, then headed down MORESep 12, 2013 7:00 AM ET
How President Obama became so enamored by Larry Summers despite the legion of critics, many in his own party.
FORTUNE -- Love him or not, Larry Summers has abruptly risen as the frontrunner to be the nominee for the next U.S. Federal Reserve Chairman, the most powerful central banker in the world. He has a reputation for being brutal and blunt, having been criticized for making crude remarks about women during MORENin-Hai Tseng, Writer - Sep 9, 2013 11:22 AM ET
He's the potential Federal Reserve nominee that liberals love to hate. So how will President Obama handle the onslaught if he chooses Larry Summers to run the Fed?
By Nina Easton, senior editor
FORTUNE -- Call him the Freddy Krueger of potential presidential nominees. Liberals, feminists, and plain-old targets of his withering dismissiveness may have thought they destroyed Larry Summers' shot at the Federal Reserve chairmanship. But he's back -- haunting MORESep 6, 2013 5:00 AM ET
In the wake of gold's continuing decline, financial survivalists stick to their guns.
By David Z. Morris
FORTUNE -- What happens when gold may no longer glitter enough to stave off the financial apocalypse?
The precious metal, a big beneficiary at quantitative easing's outset as investors sought a hedge against possible inflation, has been steadily declining. During the first round of QE in December 2008, the price of gold was $837.50 an MOREAug 19, 2013 10:58 AM ET
The former presidential candidate has an outside-the-box suggestion for the next Fed chair.Stephen Gandel, senior editor - Aug 9, 2013 10:41 AM ET
Summers or Yellen? I have the answer.
FORTUNE -- Who will be the next head of the Federal Reserve: Larry Summers or Janet Yellen? I have the answer. Really.
How do I know? Because, as you may know, predicting who will be the next Fed chair is easy.
In November 2004, the Associated Press said there were three economists who were likely to replace then-Fed head Alan Greenspan, none of which were Ben MOREStephen Gandel, senior editor - Aug 7, 2013 10:32 AM ET
What's most significant about the Federal Reserve's latest statement is what it did not address: tapering bond-buying and future policy guidance.
By Mohamed A. El-Erian
FORTUNE -- After the discomforting volatility of May and June, the Federal Reserve opted today for market tranquility. As a result, two (if not three) consequential decisions are now pushed to September -- raising the question of whether the current pursuit of market calm will develop MOREJul 31, 2013 2:31 PM ET
One of Obama's top choices of the next head of the Federal Reserve has some reservations about current monetary policy.Stephen Gandel, senior editor - Jul 29, 2013 5:00 AM ET
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