View more on these topics

Bernanke to replace Greenspan as head of US Federal Reserve

Alan Greenspan, the chairman of the US Federal Reserve who was once described as “the greatest central banker who ever lived”, is to be replaced in January by former Federal Reserve governor Ben Bernanke.

Greenspan has been in charge of US monetary policy for 18 years, and has seen two stock market crashes and two recessions during his tenure.

Paul Niven, head of strategy at F&C Asset Management, says: “Bernanke has been vocal in using inflation targeting, rather like the Bank of England, where the central bank is explicit in its aims over target inflation levels. This is not the explicit aim of the US Federal Reserve.

“UK investors may not yet have heard of Bernanke, but he has just been handed the biggest job in global finance.”

Recommended

Preferred confirms that MD has quit

Preferred has confirmed that joint managing director John Webster has decided to leave the company to pursue other opportunities.George Patellis, the other joint managing director, has also announced that he will leave the company later this year to return to America with his family.Speculation is now rife that Webster is rumoured to be taking nine […]

Cleaning revealed as number one tenancy dispute

Cleaning is the number one source of deposit disputes in the 12 months since the Tenancy Deposit Scheme received its first disagreement to be resolved between landlord and tenant. The scheme, for regulated letting agents and their landlords, went live in May last year, and so it took six months before the end of a […]

Preferred appoints two directors

In the wake of the recent exit of Preferred’s joint managing directors John Webster and George Patellis, the sub-prime lender made two senior promotions..Roger Taylor, formerly head of sales, has been promoted to director of sales and marketing, and Nigel Ingram, formerly chief operating officer has been appointed director of operations, both with immediate effect. […]

Women and business awards 2005

Trade and industry secretary Alan Johnson urges UK business women to have their achievements recognised and at the same time inspire other women to the top of the workplace ladder by entering the Women in Business Award 2005.Alan Johnson says “The government has put in place a clear strategy to encourage diversity at the top […]

Keep calm and carry on?

We British are known for our stiff upper lip and just getting on with things. It’s part of our quirky cultural behaviour – like forming orderly queues, or saying sorry when it’s not our fault. Many of us just aren’t that great at talking about what’s bothering us. But if someone feels that the stresses […]

Newsletter

News and expert analysis straight to your inbox

Sign up