You've heard of the Federal Reserve. You've heard of Ben Bernanke. You know that they're important. But do you know how the Fed's decisions directly affect your wallet?
Federal Reserve chairman Ben Bernanke made his semi-annual testimony on Capitol Hill today. He told lawmakers that Fed tapering of economic stimulus is not "pre-ordained."
Now that President Obama has suggested publicly that Ben Bernanke might not stay on at the Federal Reserve past January, the quest is on for replacements.