The Dow Jones industrial average plunged more than 300 points and erased its gains for the year as investors grew more concerned about economic weakness in the U.S. and Europe.
Tag: economy
A Glimpse of America in 2015
The year is 2015, and it’s late in the month of June. Central bank policymakers have been meeting for two days. Now it’s late in the afternoon of that second day, and Bernanke’s traditional press conference is set to start at any moment. Investors the world over have stopped everything to hear what the U.S Fed leader has to say.
Bernanke is still not the longest-serving Fed chairman: With only nine years under his belt, he has a decade to go before he’d have more service time than predecessor Alan Greenspan, or the legendary William McChesney Martin.
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