Tag: Janet Yellen

• Wednesday, July 16th 2014 - 01:06 UTC

  US economy recovering but “too many Americans remain unemployed”

  

  The US economic recovery remains incomplete, with a still-ailing job market and stagnant wages justifying loose monetary policy for the foreseeable future, Federal Reserve Chair Janet Yellen told a Senate committee on Tuesday.

• Thursday, July 10th 2014 - 21:48 UTC

  Fed will end asset purchases in October, but no decision yet on interest rates

  

  The Federal Reserve has begun detailing how it plans to ease the US economy out of an era of loose monetary policy, indicating it will end its asset purchases in October and appearing near agreement on a plan to manage interest rates in the future, according to minutes of the last Fed policy meeting.

• Friday, July 4th 2014 - 06:34 UTC

  US unemployment down to 6.1% and the Dow Jones at 17.000 for first time

  

  US economy added 288,000 jobs in June, latest figures from the Bureau of Labor Statistics have shown. The unemployment rate dropped to 6.1%, its lowest level since September 2008.

• Thursday, June 19th 2014 - 06:09 UTC

  Fed cuts US growth forecast, but will also further trim stimulus program

  

  The US Federal Reserve has cut its growth forecast for 2014 because of the harsh winter weather. The central bank is now predicting growth of between 2.1% and 2.3% for this year, down from its March forecast of 2.8% to 3%.

• Thursday, May 29th 2014 - 00:35 UTC

  Three Latam presidents among Forbes list of 25 most powerful women

  

  Brazil, Argentina and Chile presidents figure among the list of the 25 most powerful women in the world according to the latest release from Forbes. Dilma Rousseff ranks in fourth place, Cristina Fernandez 19 and Michele Bachelet, 25. Only nine heads of state figure in the 100 names list.

• Friday, May 9th 2014 - 06:42 UTC

  Fed in no rush to address its balance sheet; calls on Senate for fiscal restraint

  

  The US Federal Reserve is in no rush to decide the appropriate size of its balance sheet, but if it ultimately shrinks it to a pre-crisis size, the process could take the better part of a decade, Fed Chair Janet Yellen has said.

• Thursday, May 1st 2014 - 06:58 UTC

  Fed optimistic about US economy; pares securities purchases by another 10bn dollars

  

  The Federal Reserve looked past a dismal reading on first quarter US growth and gave a mostly upbeat assessment of the economy's prospects as it announced another cut in its massive bond-buying stimulus. Latest information indicates that economic activity has picked up after having slowed sharply during the winter in part because of adverse weather conditions, the central bank said on Wednesday.

• Thursday, March 20th 2014 - 03:26 UTC

  US Fed hints interest rates could start to rise in early 2015 as jobs picture improves

  

  The US Federal Reserve Chair Janet Yellen hinted on Wednesday that interest rates in the US could start to rise in early 2015, that is six months after it halts its monthly bond-buying program. Ms Yellen made the remarks after the Fed said it will scale back bond purchases by a further 10bn dollars per month.

• Tuesday, February 11th 2014 - 23:53 UTC

  Yellen confirms Bernanke approach: labor market recovery “far from complete”

  

  Federal Reserve Chair Janet Yellen said on Tuesday the US central bank was on track to keep reducing its policy stimulus, even as she acknowledged the labor market recovery was “far from complete.”

• Tuesday, February 4th 2014 - 09:00 UTC

  Yellen is sworn in as chair of Federal Reserve; Bernanke returns to academia

  

  Janet Yellen on Monday was sworn in as chair of the Federal Reserve, the US central bank, replacing Ben Bernanke in the role. She is the first woman to hold the post at the Washington-based bank.