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Janet Yellen told lawmakers that she’ll continue to taper back on the central bank’s asset-buying stimulus measures and keep interest rates low.
This story is developing. Please check back for further updates. Federal Reserve Chair Janet Yellen said Thursday that harsh winter weather may have had an impact on recent economic data and reiterated her stance that accomodative monetary policy should remain appropriate for some time. (Read more: The Fed is ‘out of touch’: Polcari) “Since my appearance …
If Janet Yellen stops using weather as an excuse for a soggy economy, watch out. Yellen testifies before the Senate Banking Committee on Thursday at 10 a.m. EST, in her second economic testimony before Congress this month. Her first was before the House Finance Committee on Feb. 11, and she said at the time that it’s unclear …
Even for an entity used to doing heavy lifting when it comes to supporting the U.S. economy, 2008 was a historic year for the Federal Reserve. The central bank was left to grapple with the worst downturn since the Great Depression, and was challenged to come up with innovative tools to get the economy back …
Do some members of the Federal Reserve want to start raising interest rates sooner rather than later? We break down the minutes of the central bank’s last meeting.
Stocks have their best four day streak in almost two years as the new Fed chair puts investors in a buying mood. Blackrock’s Koesterich offers his insight on Ms. Yellen.
Stocks have their best four day streak in almost two years as the new Fed chair puts investors in a buying mood.
Stocks have their best four-day winning streak in almost two years as the new head of the Federal Reserve says she’ll continue her predecessor’s accommodative strategy.
For this story and more tune in tonight.
Recent weak employment reports haven’t been enough to sway the Federal Reserve from reducing the pace of its monthly stimulus program, Chair Janet Yellen said Tuesday. In her first public remarks, delivered to the House Financial Services Committee, Yellen said the central bank does not look at economic reports in a vacuum when determining its …
Federal Reserve Chair Janet Yellen promised on Tuesday a steady and consistent course forward, with less money printing but continued low rates. In her first public remarks since taking over for Ben Bernanke, Yellen sounded optimistic about the economy, including projections about unemployment and inflation. “The economic recovery gained greater traction in the second half of last …
Federal Reserve chief Janet Yellen has instructed the central bank’s staff to refer to her as “Fed chair” rather than “chairwoman,” The Washington Post reported on Monday. The first woman to preside over the Fed in its history is striking a gender-neutral tone that belies her barrier-breaking history as an academic and a policymaker. Out of two dozen economics doctorate …
As the Bernanke era comes to a close, Steve Liesman takes a look at his two tumultuous terms and his legacy.
It’s hard to see how the economic turmoil in Turkey and Argentina could damage the growth prospects of the United States in any serious way, former Federal Reserve Vice Chairman Alan Blinder told NBR. “The Fed looks at that and thinks, ‘It’s too bad for these countries and it would be nice if it was …
Stocks fall as the Federal Reserve decides to stick with its strategy to wind down its stimulus despite the recent emerging market turmoil. What does that mean for the economy and your money?
Bond purchases will be reduced to $65 billion a month.