Janet Yellen became one of the world’s most powerful players when President Barack Obama appointed her Chair of the U.S. Federal Reserve Board. What expectations do we have? She carries more financial sector influence than any other civil servant in the world. Questions abound over Fed policy, financial stability, Mega-bank and financial institution regulation, asset bubble control and relations with Congress.
Tag Archives | banking
Keys to the bank – a great invention, discusses credit and banking magic as great human inventions and the essence of economic life and high living standards. The post explains the reserve banking system that multiplies money which lets banks extend credit that fuels modern economic growth.