Janet Yellen

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Rate Debate Reaches Fever Pitch Ahead of Fed Meeting

Chair Janet Yellen has said there's a strong case for a rate hike—but pushback continues

(Newser) - "Let's get on with it already." That's the opinion of one investment strategist ahead of the Federal Reserve's two-day rate meeting starting Tuesday, calling for Chair Janet Yellen to push for a rate increase that many are still wary of implementing. Per Reuters , a good... More »

Yellen Doesn't Tip Her Hand on Rate Hike

Case is stronger, says Fed chief, without offering timetable

(Newser) - Federal Reserve Chair Janet Yellen said Friday that the case for raising interest rates has strengthened in light of a solid job market and an improved outlook for the US economy and inflation, reports the AP . So does that mean rates are going up? We'll have to stay tuned,... More »

Yellen: Fed's Rate Increase Is Defensive

She explains Fed's big move

(Newser) - After the Federal Reserve raised interest rates for the first time in nearly a decade , Fed Chair Janet Yellen stressed that the 0.25% rate hike was pre-emptive. Inflation still remains well below the central bank's 2% target, largely because of transitory factors such as falling oil prices. Yet... More »

9 Years, 5 Months, 16 Days Later, Fed Makes Its Move

Janet Yellen and company boost main rate by quarter point

(Newser) - A quarter point. The Fed on Thursday moved to raise interest rates for the first time since June 29, 2006 , and it did so by boosting its key federal funds rate by a modest 0.25%, reports the Wall Street Journal . Fed chief Janet Yellen will lay out the rationale... More »

Even if Fed Acts, Rates May Be Low for Long Time

Here's what to know ahead of the Fed meeting this week

(Newser) - Janet Yellen and the Fed are expected to raise interest rates for the first time in nine years later this week, probably by a quarter-point, reports USA Today . Some things to know:
  • Even if the Fed acts, rates might well remain relatively low for years, despite some alarming predictions to
... More »

Janet Yellen Offers More Evidence of a Strong US Economy

Fed could raise its interest rate for first time in years

(Newser) - It's becoming more and more likely the Federal Reserve will raise its interest rates this month for the first time in nearly a decade, USA Today reports. The economy has already hit the Fed's goal of 5% unemployment and is closing in on its goal of 2% inflation,... More »

Fed Leaves Rates Unchanged

Janet Yellen keeps historic lows in place

(Newser) - No rate hike: The Federal Reserve has held off on raising interest rates amid a shaky world economy. Janet Yellen's group cited "global economic and financial developments" to explain the decision, which mostly means the turmoil in China, reports MarketWatch . Fed policymakers now see just one rate hike... More »

All Eyes on the Fed: What You Need to Know

Will Janet Yellen raise interest rates this week?

(Newser) - Will interest rates finally go up? Federal Reserve officials begin a two-day meeting today, with the financial world waiting with bated breath on Janet Yellen's subsequent announcement. "Anyone who uses money" will ultimately be affected, observes NPR, which offers a primer here . Other highlights in coverage:
  • 'Nail-biter'
... More »

Fed Drops Word 'Patient,' Still Soothes Investors

Moves closer to a rate increase, but suggests it's not imminent

(Newser) - The Federal Reserve continued its slow dance with Wall Street today about when it will finally raise interest rates, and the bottom line is June at the earliest, reports the Wall Street Journal . However, if jobs and inflation aren't hitting their targets at that point, the Fed would likely... More »

'Mystery Woman' Leads the US Economy

Fed Chief Janet Yellen hasn't revealed strong policy leanings—yet

(Newser) - Just what is percolating in Janet Yellen's mind? The "diminutive woman with a pixie haircut"—oh, and chief of the US Federal Reserve—has emitted vague policy signals but divulged no clear plan (as Fed chiefs are wont to do), Politico reports. Some see a progressive with... More »

Janet Yellen Makes Rookie Mistake in Fed Debut

Her 'around 6 months' comment was way too specific, say observers

(Newser) - Janet Yellen is getting a lot of grief over her first news conference as leader of the Federal Reserve for, of all things, speaking too clearly. As Rex Nutting at MarketWatch observes, Yellen spoke for an hour yesterday, "but the market only heard three words: 'around six months.... More »

Fed: Unemployment Isn't Our Guide Anymore

Yellen suggests interest rates might rise in mid-2015

(Newser) - The Federal Reserve will no longer rely on the unemployment rate as its be-all, end-all indicator of economic health, it announced today. Until now, the Fed has set its goal at 6.5% unemployment. But as the jobless rate nears that threshold , the central bank said it would keep rates... More »

Senate OKs Janet Yellen to Lead Fed

Brooklyn, NY, native will be first woman to lead the central bank

(Newser) - The Senate has easily approved Janet Yellen's nomination to head the Federal Reserve. Monday's 56-26 vote makes Yellen the first woman to lead the central bank in its century-long history. It puts an economist in the post who has long focused on fighting unemployment and who backed the... More »

Do-Nothing Congress Has Lots to Do This Month

Senate, House will only be in town together for a few days

(Newser) - Here's a list of things Congress must get done in December or else: Confirm Janet Yellen's Fed nomination; pass a new farm bill; fund the Pentagon; renew a ban on hard-to-detect plastic guns; and extend some unemployment benefits, help for workers displaced by global trade, and a set... More »

Senate Panel OKs Yellen's Bid to Lead Fed

8 Republicans vote against her nomination

(Newser) - A Senate panel has advanced Janet Yellen's nomination to lead the Federal Reserve, setting up a final vote in the full Senate. The nomination was approved on a 14-8 vote. All the no votes came from Republicans, many whom object to the Fed's aggressive low interest rate policies... More »

Janet Yellen: US Economy Still Needs Fed's Help

Fed nominee is testifying before Senate Banking Committee

(Newser) - Janet Yellen said today that the US economy has regained ground lost to the Great Recession but still needs the Federal Reserve's support because unemployment remains too high at 7.3%. Yellen is testifying this morning to the Senate Banking Committee, which is considering her nomination to be the... More »

Rand Paul Doubles Down: I'll Block Yellen's Fed Nom

Until Senate votes on his Audit the Fed bill

(Newser) - Rand Paul says he plans to "delay" Janet Yellen's nomination for Federal Reserve chair, until there's a vote on his Audit the Fed bill, Politico reports. "I don’t think technically you can file a hold until she comes out of committee—but we’re putting... More »

Rand Paul Might Hold Up Yellen's Fed Nomination

CNBC reports that he wants a vote on his bill to audit the agency

(Newser) - Janet Yellen is still expected to be the next chair of the Federal Reserve, but CNBC reports that she might hit some turbulence in the Senate thanks to Rand Paul. He's threatening to do what he can to hold up the nomination unless he gets a vote on his... More »

Finally: A Woman to Lead the Fed

Janet Yellen 'a role model': John Cassidy

(Newser) - Janet Yellen will be the first female head of the Federal Reserve—indeed, "the first woman to head a central bank in any big Western nation" if you don't count Russia, writes John Cassidy in the New Yorker . And that certainly matters, as it may not surprise you... More »

What to Expect From Janet Yellen's Fed

Analysts praise pick; 'she's a real mensch'

(Newser) - President Obama will formally announce Janet Yellen as his pick to run the Fed today, in a move that seems to be garnering widespread praise in the financial industry. Here's what you need to know about the prospective chief:
  • She Cares a Lot About Jobs: Most of Yellen's
... More »

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