Paydayloans247 Hot 100 2014: Ben Bernanke

by Ryan Smith19 Dec 2013

Name: Ben Bernanke

HOT 100: Ben Bernanke's words and deeds have had a massive effect on interest rates. His easy-money policies, for example, helped mortgage rates drop to near-historic levels in 2013, driving a boom in refinance activity across the country. Then his lack of substantive communication on the fate of the Fed's quantitative easing program helped drive rates up a full percentage point over the summer, strangling the refinance boom. Then his decision, along with the rest of the Fed's policy-making board, to leave the program in place helped rates drop again.

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