- Gentlemen, start your drones: Judge’s ruling opens door for commercial use
- Soldier who hid, bragged about not saluting flag to be punished — in secret
- ‘Maverick’ of the seas: ‘Top Gun’ school for U.S. ship officers to launch
- Putin declares Sochi Paralympics open amid Ukrainian protest
- ‘In Jesus name, we pray’ sparks ire at Ohio council meeting
- Navy’s first laser weapon ready for prime time; drone killer to deploy this summer
- Billionaire backer: Rick Santorum ‘needs to be heard’ in 2016
- Obamacare fallout: 49 percent pessimistic; 45 percent ‘scared’
- DHS accused of holding U.S. citizen at airport, using emails to pry into her sex life
- Seattle socialist: Minimum-wage discussion skewed by ‘right-wing’ GAO analysis
Taxpayers must pay the freight for over-budget train projects
Topic - Janet Yellen
More people are quitting their jobs as the economy improves — but are they making the wise choice?
The Great Snow of '14 freed Janet Yellen from her obligation to testify before Congress for a second day, and it's just as well. More talk would have been redundant. The gist of her tenure as chairman of the Federal Reserve, as she sees it, is clear.
Suddenly, with two roll-call votes, the messy, multi-issue battles of the 2014 elections have been refocused on two central issues that will put the GOP back in charge of Congress.
Janet Yellen, in her first appearance before Congress as the new chair of the Federal Reserve, sparked a major rally in global financial markets Tuesday by pledging to stick with her predecessor Ben S. Bernanke’s plan to gradually end the easy-money policies put in place during the recession.
The January jobs report finds that only 113,000 jobs were added last month, far short of the 150,000 needed to keep up with population growth. However, the ratio of the population in the workforce climbed slightly, and unemployment held steady.
Fed to slow pace of monthly bond purchases by another $10B despite turmoil in emerging markets
The Federal Reserve on Wednesday shook global markets, cutting back once again on its economic stimulus program and signaling that a recent softening of job gains and turmoil in emerging markets will not deter it from ending its extraordinary easing measures this year.
President Barack Obama intends to nominate Stanley Fischer to be vice chairman of the Federal Reserve.
The Senate Monday voted 56 to 27 to confirm Federal Reserve Board vice chairman Janet Yellen as the next chairman, succeeding Ben S. Bernanke when he departs Jan. 30.
With the Senate's approval Monday of Janet Yellen to become the first female Federal Reserve chair at the end of the month, she takes on the difficult mission of smoothly ending the unprecedented $4 trillion of stimulus programs launched by her predecessor, Ben S. Bernanke.
Leading up to Janet Yellen's Jan. 6 confirmation vote, the Federal Reserve recently announced that it will taper back its bond-buying program, known as quantitative easing. This was encouraging news for inflation hawks, if barely so.
Citing underlying strength in the recovering U.S. economy, the Federal Reserve surprised world financial markets Wednesday by cutting back its bond purchase program by $10 billion a month in 2014.
The Federal Reserve gave the first hint that it will ease off the economic accelerator, announcing plans to "modestly reduce the pace" of its asset purchases in 2014.
The Senate Banking Committee on a strong bipartisan vote of 14 to 8 approved the nomination of Federal Reserve vice chairman Janet Yellen to become the next head of the central bank.
She said the Fed will be watching to see whether the slowdown proves only a temporary blip caused by severe winter weather.
Yellen noted that some recent economic data have pointed to weaker-than-expected gains in consumer spending and job growth.