Barack Obama is likely to pick a candidate to succeed Ben Bernanke sometime during the summer.
Yellen is currently Vice Chairman of the Board of Governors of the Federal Reserve System.
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was on Monday awarded to Ben S Bernanke, Douglas W Diamond, and Philip H Dybvig for their research work on bank regulation and how financial crises should be managed.
The challenge for the RBI in 2024 is likely to be less about containing elevated inflation and more about curbing excessive financial market exuberance and a 'problem of plenty', notes Sajjid Chinoy, Chief India Economist JP Morgan.
Many have questioned the wisdom of Bernanke's efforts to bail out the financial system as it teetered last year, and his decision to flood markets with newly printed money this year.
Emerging markets like India and China are witnessing a remarkable transformation, despite a slowdown in economic growth, lifting millions of people out of poverty, Federal Reserve Chairman Ben Bernanke has said.
Emerging economies should also be mindful of growth.
On speculative front as well, non-commercials have decreased bullish bets on COMEX silver futures and options to a three-month low.
Buffett said the economy is benefiting from improvement in areas that had not previously performed well, particularly homebuilding.
Fed move based on US economic recovery, which should boost India's exports, narrow CAD and help curb 'imported' inflation
The rupee on Thursday plunged by a whopping 130 paise to hit life-time low of 60 against the US dollar in early trade on the Interbank Foreign Exchange on strong demand for the American currency from banks and importers
Gold has dulled a lot lately but investors could still take a shine to it.
Winding down quantitative easing will be messy for the West and a big problem for India.
Rupee has strengthened but is this sustainable.Or are we staring at a slip very soon.
In a speech to the National Economists Club that echoed dovish comments by his nominated successor, Janet Yellen, Bernanke also said that while the economy had made significant progress, it was still far from where officials wanted it to be.
Before jumping to build a portfolio of stocks impacted by the recent reforms, choose the ones which will benefit the most.
Jindal Steel top loser among the Sensex stocks, slips 10% in the intra-day deals.
Everything seems to be falling in place for the new RBI governor but there is a need to prepare for the imminent tapering by the Fed.
Geithner and Bernanke held talks with India's major multinational corporations.
Breakfast meeting between Timothy Geithner, US treasury secretary, leading industralists due Wednesday.
Key among those would be US Federal Reserve Chairman Ben Bernanke's speech late on Monday evening, fourth-quarter earnings report by information technology major Infosys Technologies and India's industrial production data during the week.
The broader markets traded higher with mid-caps and small-caps gaining 0.2-0.3 per cent on the BSE.
Markets slipped into negative terrain in late noon deals weighed down by profit taking in bank shares.
The Nifty touched a high of 4,861 in the morning session, but gave up all the gains and closed at 4,747, down 92 points
Traders said persistent selling by stockists in line with a weakening global trend after Federal Reserve Chairman Ben Bernanke signalled that the central bank may start curbing stimulus programme this year, mainly dragged gold and silver prices down.
The rupee fell to a record low of 59.9350 to the dollar, breaching past its all-time low of 58.98 on June 11.
Indian markets too saw a deep fall as a result of the Federal Reserve's shift in policy and the Nifty and Sensex ended down more then 2.5 per cent in the negative, whereas the Europe is trading in red too.
Dollar selling by exporters & banks, amid higher opening in domestic equity market supported rupee.
Even as rupee fell below 56-level against dollar intra-day, Chief Economic Adviser in the Finance Ministry Raghuram Rajan said, there is no need to panic, and RBI takes decisions on whether to intervene in forex markets or not to stabilise the local currency.
This is rupee's lowest closing since 55.45 on November 27, 2012.
The overall breadth is positive as 873 stocks are advancing while 425 are declining.
Investor wealth on Thursday soared by Rs 1 lakh crore, triggered by heavy buying in the stock market, with the BSE benchmark Sensex surging about 382 points to close at near six-week high levels.
The rupee had strengthened by 20 paise to close at 55.11 against dollar in Tuesday's trade on fresh selling of US currency by exporters.
The failure of SVB was due to idiosyncratic reasons, but shows how higher rates can expose fault lines in unforeseen places, observes Neelkanth Mishra.
The rupee had ended marginally down by 1 paise at 55.63 against the dollar on alternate bouts of buying and selling amid a fag-end recovery in equities in yesterday's session.
The Fed's interpretation of the increase in gas prices is the economist's basic mantra of supply and demand.
Observing that US' economic recovery is proceeding at a moderate pace, US Federal Reserve Board chairman Ben Bernanke said on Wednesday the central bank might need to intervene if policymakers enact short-term spending cuts that hurt growth.
Markets reversed early losses and ended higher as investors picked up beaten down frontline stocks.
The unemployment rate has edged off its recent peak, but at 9.7 per cent, it is still close to its highest level since the early 1980s.
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