(JTA) — Ben Bernanke dealt with prejudice as a Jew crowing up in South Carolina — including being asked if he had horns — according to his new memoir. Several times, the former chairman of the Federal Reserve writes, elementary school classmates asked “quite innocently, I believe” whether he had horns. “Growing up in Dillon…
1. There are 13,570 Jews in South Carolina, representing 0.3% of population. 2. In 1669, John Locke drafted the constitution for the Carolina Colony. In it, he granted “liberty of conscience to all heathens, Jews and dissenters.” 3. In 1774, Francis Salvador became the first Jew to hold elected office in the Americas when he…
Janet Yellen, a key force behind the Federal Reserve’s unprecedented and controversial efforts to boost the U.S. economy, was confirmed by the Senate on Monday to lead the central bank just as it begins to unwind that stimulus. When she succeeds Ben Bernanke, whose second four-year term as Fed chairman expires on Jan. 31, Yellen…
By ensuring the Federal Reserve begins trimming its massive bond-buying stimulus before a more hawkish contingent of voters comes on board next year, Fed Chairman Ben Bernanke has greased the skids politically for his successor, Janet Yellen. The U.S. central bank’s decision on Wednesday to begin to cut the pace of its monthly purchases by…
To some who knew Janet Yellen decades ago, her nomination to lead the Federal Reserve was no surprise, and had them feeling reassured the country’s monetary system would be in capable hands. “We referred to her as a stealth intellect,” said Charles Saydah, a retired journalist who went to junior high and Fort Hamilton High…
Janet Yellen, President Barack Obama’s pick to lead the Federal Reserve, combines a solid reputation as an economist with a keen interest in communication – fitting for someone who once joked that her dinner guests should expect a discussion of economics. Yellen, a former professor who would be the first Jewish woman to hold the…
President Obama’s nomination of Janet Yellen to be the next chair of the Federal Reserve will, if confirmed by the Senate, make her the first woman to lead the bank since its creation nearly a century ago. But she’ll be far from the first Jew. Yellen, whose nomination to head America’s central bank was reported…
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