Janet Yellen

Stories 1 - 20 |  Next >>

Cohn's Trump Criticism May Cost Him Fed Chief Post

'Wall Street Journal' reports the president is unlikely to appoint him

(Newser) - White House adviser Gary Cohn delivered a public rebuke of President Trump after the violence in Charlottesville, and the Wall Street Journal reports that it might have cost him his chance at becoming the next Federal Reserve chief. The newspaper says the president is now unlikely to appoint Cohn to... More »

Interest Rates Hit a Milestone for First Time Since 2008

Fed signals belief in strong economy

(Newser) - The Federal Reserve signaled confidence in a strong economy Wednesday with its second interest rate hike of 2017, bringing its benchmark rate up a quarter-point to push it over 1% for the first time since the 2008 financial crisis. The move, which brings the range to between 1% and 1.... More »

Trump: US Dollar Is 'Getting Too Strong'

He shifted on 3 policies in WSJ interview

(Newser) - President Trump managed to do an about-face on no less than three policies in an interview with the Wall Street Journal on Wednesday—and he made what analysts say were highly unusual comments about the American dollar in the process. "I think our dollar is getting too strong, and... More »

With Fed Set to Hike Rates, Look for This One Word

'Roughly'

(Newser) - The Federal Reserve's first policy meeting since Donald Trump won the election wraps up Wednesday, and analysts say the Fed is almost certain to raise interest rates for just the second time in a decade—though they also said Trump was almost certain to lose the election. Beyond the... More »

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 »

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 »

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 »

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 »

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 »

Summers Is Latest Misplay by Obama's Inept Econ Team

Heidi Moore can't believe these guys think they've done a good job

(Newser) - The main question isn't why Larry Summers pulled his name out of the Federal Reserve Chairman derby yesterday, it's "how his candidacy even got this far," writes Heidi Moore at the Guardian . Many prominent senators openly opposed his nomination, as did 300 economists. From the beginning,... More »

Every Fed Member Is a Millionaire

Although Ben Bernanke appears to just barely qualify

(Newser) - It's a safe bet that whoever replaces Ben Bernanke as Fed chief will be personally familiar with large sums of money. Janet Yellen has assets worth between $4.8 million and $13.2 million—including a stamp collection worth up to $50,000—while fellow frontrunner Larry Summers clocks... More »

Stories 1 - 20 |  Next >>

AROUND THE WEB