Ben Bernanke

FILE - In this Dec. 1, 2020 file photo, Chairman of the Federal Reserve Jerome Powell appears before the Senate Banking Committee on Capitol Hill in Washington. The Federal Reserve reports that the U.S. economy grew at a somewhat faster pace from early April to late May despite adverse effects from supply chain disruptions. The Fed’s latest survey of economic conditions around the nation released Wednesday, June 2 2021, said that several Fed districts reported positive effects on the economy from increased vaccination rates and relaxed social distancing measures. (AP Photo/Susan Walsh, Pool, File)

Delicate task for Fed: When to pull back on low-rate support

By Christopher Rugaber Jun. 14, 2021 01:18 PM EDT

FILE - In this Dec. 1, 2020, file photo, Federal Reserve Chair Jerome Powell listens during a Senate Banking Committee hearing on Capitol Hill in Washington. Federal Reserve officials at their April 2021 meeting reaffirmed the view that the central bank's ultra-low interest rate remained the best policy approach, but some officials cautioned that some factors pushing inflation higher may not be resolved quickly. In minutes of their discussions released Wednesday, May 19, 2021 a number of participants in the discussions expressed the view that supply chain bottlenecks and input shortages that were pushing prices higher may not be resolved quickly and could end up putting “upward pressure on prices beyond this year.” (Al Drago/The New York Times via AP, Pool, File)

Fed officials in April cautioned about inflation pressures

By Martin Crutsinger May. 19, 2021 04:02 PM EDT

Former European Central Bank president Mario Draghi speaks to the media after accepting a mandate to form Italy's new government from Italian President Sergio Mattarella at the Rome's Quirinale Presidential Palace, Wednesday Feb. 3, 2021. (AP Photo/Alessandra Tarantino, Pool)

Draghi brings market savvy, gravitas to tame Italy's crises

By Colleen Barry And David Mchugh Feb. 03, 2021 10:59 AM EST

Vice President Kamala Harris departs after participating in a swearing-in ceremony with Treasury Secretary Janet Yellen, left, Tuesday, Jan. 26, 2021, at the White House in Washington. (AP Photo/Patrick Semansky)

Yellen says Treasury focus to help nation reeling from virus

By Martin Crutsinger Jan. 26, 2021 02:32 PM EST

President-elect Joe Biden, right, listens as Janet Yellen, who Biden nominated to serve as Secretary of the Treasury, speaks at The Queen theater, Tuesday, Dec. 1, 2020, in Wilmington, Del. (AP Photo/Andrew Harnik)

Janet Yellen wins Senate approval as treasury secretary

By Martin Crutsinger And Brian Slodysko Jan. 25, 2021 06:24 PM EST

Federal Reserve Chairman Jerome Powell testifies before a House Financial Services Committee hearing on Capitol Hill in Washington, Wednesday, Dec. 2, 2020. (Greg Nash/Pool via AP)

Fed will likely stress commitment to low rates amid pandemic

By Christopher Rugaber Jan. 25, 2021 11:58 AM EST

Powell signals Fed will keep aiding economy with bond buying

By Christopher Rugaber Jan. 14, 2021 02:28 PM EST

Editorial Roundup: Excerpts from recent Wisconsin editorials

By The Associated Press Jan. 13, 2021 02:47 PM EST
Wisconsin State Journal, Madison, Jan. 13 Time to get youngest students back to school A survey of students, parents...

FILE - This Monday, Nov. 16, 2020 file photo shows the Federal Reserve in Washington. Federal Reserve officials last month supported providing advance notice before the central bank makes changes to its $120 billion in monthly bond purchases. The minutes of those discussions released Wednesday, Jan. 6, 2021 show wide support for adding language to the Fed's policy statement to indicate that the purchases would continue “until substantial further progress" has been made toward the central bank's maximum employment and price stability goals. (AP Photo/J. Scott Applewhite, File)

Fed supported advance notice before changing bond purchases

By Martin Crutsinger Jan. 06, 2021 02:42 PM EST

Speaker of the House Nancy Pelosi, D-Calif., sits after receiving a Pfizer-BioNTech COVID-19 vaccine shot in Washington, Friday, Dec. 18, 2020. (Anna Moneymaker/The New York Times via AP, Pool)

Fight over Fed powers stalls $900 billion aid plan

By Andrew Taylor And Christopher Rugaber Dec. 19, 2020 12:23 AM EST

FILE - In this Aug. 14, 2019, file photo former Fed Chair Janet Yellen speaks with FOX Business Network guest anchor Jon Hilsenrath in the Fox Washington bureau in Washington. (AP Photo/Andrew Harnik, File)

Awaiting Yellen at Treasury: Yet another daunting crisis

By Christopher Rugaber And Michael Balsamo Nov. 23, 2020 03:44 PM EST

President-elect Joe Biden, accompanied by Vice President-elect Kamala Harris, speaks at The Queen theater, Thursday, Nov. 19, 2020, in Wilmington, Del. (AP Photo/Andrew Harnik)

Biden says he's decided on treasury secretary nomination

By Christopher Rugaber Nov. 19, 2020 07:08 PM EST

Treasury Secretary Steven Mnuchin leaves after a House Small Business Committee hearing on oversight of the Small Business Administration and Department of Treasury pandemic programs on Capitol Hill in Washington, Friday, July 17, 2020. (Kevin Dietsch/Pool via AP)

Mnuchin urges swift aid bill; ex-Fed chairs want bigger deal

By Martin Crutsinger And Marcy Gordon Jul. 17, 2020 04:30 PM EDT

FILE - In this March 29, 2020, file photo, Connecticut Gov. Ned Lamont addresses the media at medical equipment manufacturer Bio-Med Devices in Guilford, Conn. On Thursday, July 2, 2020, Lamont announced a change to the required 14-day quarantine for visitors from states with high COVID-19 infection rates. He believes the quarantine announced the week before by Connecticut, New Jersey and New York has limited the number of Connecticut's out-of-state visitors. (Brian A. Pounds/Hearst Connecticut Media via AP, File)

Help wanted: Lamont turns to outside experts to fight virus

By Susan Haigh Jul. 05, 2020 12:19 PM EDT