(Reuters) — Federal Reserve Chair Janet Yellen wants to see U.S. wages climb at a much brisker clip to boost consumer spending and help workers recoup ground they lost in the last recession, but she’ll have to fend off policymakers who fear that could cause inflation to surge. As she seeks to maintain a consensus…
Armed with an unusual biography and international respect as a leading economist, Stanley Fischer, an Israeli-American dual national, is poised to take his place as vice chairman of the Federal Reserve System, the body that effectively controls America’s money supply. Fischer’s nomination by President Obama is a first of sorts. Up until last year, Fischer…
The U.S. Congress should look into legal options for regulating virtual currencies such as bitcoin, Federal Reserve Chair Janet Yellen said on Thursday. Japan-based bitcoin exchange Mt. Gox went dark on Tuesday, leaving customers unable to access their accounts. Experts have warned they might not have much recourse to recover their money. Yellen said 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…
100% of profits support our journalism
