Tag: Janet Yellen

• Monday, March 6th 2017 - 10:37 UTC

  Fed says rate hike in March would be “appropriate” if US economy evolves as expected

  

  Federal Reserve chair Janet L. Yellen said a March rate hike would be “appropriate” if the economy continues to evolve as expected, signaling that the central bank will likely raise its benchmark interest rate sooner than many economists and investors had expected just a few weeks ago.

• Tuesday, December 20th 2016 - 06:51 UTC

  US labor market “the strongest in more than a decade”, Yellen tells graduating class

  

  The United States labor market is in the best condition in last decade said the chairman of the Federal Reserve Janet Yellen during a speech to the graduating class at the University of Baltimore. Fed chairman said that the signs of healthy labor market are abundant, among which stand out the stable rate of creation of new jobs and lower share of cuts.

• Saturday, December 3rd 2016 - 07:32 UTC

  US unemployment falls to nine-year low in November, 4.6%, but earnings slowdown

  

  United States unemployment rate fell to a nine-year low in November, adding to expectations that US interest rates will rise later this month. Figures from the Labor Department showed the US economy created 178,000 jobs in November, while the jobless rate fell to 4.6% from 4.9% in October.

• Friday, November 18th 2016 - 09:15 UTC

  Yellen intends to remain her four-year term; anticipates rate increase “relatively soon”

  

  The United States Federal Reserve chair Janet Yellen told Congress on Thursday that she is not stepping down. Her statement follows on strong attacks during the campaign from president elect Donald Trump who claimed the Fed was favoring president Barack Obama and candidate Hillary Clinton with its low interest rate policy.

• Thursday, November 3rd 2016 - 10:20 UTC

  Big Danger at the Lower Bound

  

  By Kenneth Rogoff
  
  Markets nowadays are fixated on how high the US Federal Reserve will raise interest rates in the next 12 months. This is dangerously shortsighted: the real concern ought to be how far it could cut rates in the next deep recession. Given that the Fed may struggle just to get its base interest rate up to 2% over the coming year, there will be very little room to cut if a recession hits.

• Monday, September 5th 2016 - 08:58 UTC

  US economy adds more jobs in August, but not as many as expected

  

  The expanding US economy added another 151,000 jobs in August, according to the US Labor Department, while the unemployment rate stayed at 4.9%. The number of extra jobs was sharply down from an upwardly revised July figure of 275,000. It was also a smaller rise than the average monthly increase of 204,000 seen during the previous 12 months.

• Tuesday, August 23rd 2016 - 09:03 UTC

  Fed vice-president optimistic about US economy employment and inflation targets

  

  The Federal Reserve is close to hitting its targets for US employment and 2% inflation, according to the central bank's vice chairman, Stanley Fischer. In a speech in Colorado, the Fed's number two policymaker was upbeat about the economy's recovery and prospects.

• Thursday, July 28th 2016 - 13:04 UTC

  Fed sees current conditions remaining unchanged, at least until December

  

  The United States Federal Reserve on Thursday left key interest rates untouched but acknowledged improved economic performance, suggesting a rate increase may be on the horizon in 2016.

• Thursday, June 9th 2016 - 08:50 UTC

  Yellen says Brexit 'repercussions' would be considered in Fed’s meeting next week

  

  United Stated Federal Reserve chair Janet Yellen said a UK vote to leave the European Union could have “significant economic repercussions”. In a speech this week, she said a Brexit was one factor that the central bank would consider when deciding whether to raise interest rates. The Fed next meets on 14-15 June.

• Tuesday, June 7th 2016 - 23:57 UTC

  Rate hikes likely, but some reports remain 'disappointing', admits Fed chief Yellen

  

  Reserve Chair Janet Yellen said on Monday that interest rate hikes are likely on the way because “positive economic forces have outweighed the negative” for the United States now that risks from earlier this year have diminished.