The U.S. Senate on Wednesday approved Federal Reserve Governor Sarah Bloom Raskin to be the No. 2 official at the Treasury Department, backing a critic of Wall Street to help coordinate an overhaul of financial regulations. The Senate approved the nomination by voice vote. Raskin, who was a state banking supervisor before she joined the…
New Federal Reserve Chair Janet Yellen said on Tuesday the labor market recovery is “far from complete” despite a drop in unemployment, yet she said the U.S. central bank expects to continue trimming policy stimulus in measured steps due to broader improvements in the economy. In her first public comments as Fed chief, Yellen, giving…
Janet Yellen, the first woman to chair the Federal Reserve in its 100-year history, will take over the reins of the U.S. central bank on Saturday and formally be sworn in next week, the Fed said on Thursday. Yellen, 67, who begins her post as the Fed unwinds its unprecedented efforts to boost the U.S….
On Monday evening, the U.S. Senate voted to confirm the nomination of Janet Yellen to become chair of the Federal Reserve, the country’s central bank. She’s expected to start the new position at the beginning of February. Yellen carries on a tradition of Jewish Fed chairs, following Ben Bernanke, who she is replacing, and his…
Janet Yellen, a key force behind the Federal Reserve’s unprecedented and controversial efforts to boost the U.S. economy, was confirmed by the Senate on Monday to lead the central bank just as it begins to unwind that stimulus. When she succeeds Ben Bernanke, whose second four-year term as Fed chairman expires on Jan. 31, Yellen…
By ensuring the Federal Reserve begins trimming its massive bond-buying stimulus before a more hawkish contingent of voters comes on board next year, Fed Chairman Ben Bernanke has greased the skids politically for his successor, Janet Yellen. The U.S. central bank’s decision on Wednesday to begin to cut the pace of its monthly purchases by…
Former Israeli central bank governor Stanley Fischer has been offered the position of vice chairman of the U.S. Federal Reserve, a source familiar with the matter told Reuters on Wednesday. “He’s been offered the job” the source, who declined to be named, said. The source added that the process would still require approval by the…
Janet Yellen’s hopes of becoming the first woman to lead the Federal Reserve got a boost on Thursday when she sailed through her Senate confirmation hearing with only mild questioning from some of the Fed’s fiercest Republican critics. Yellen, the U.S. central bank’s current vice chair, brought a calm and confident demeanor to the Senate…
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