Tag: Janet Yellen

• Wednesday, January 29th 2014 - 21:07 UTC

  Fed shaves another 10bn from stimulus; Turkey and South Africa raise rates

  

  The US Federal Reserve announced a $10bn reduction in its monthly bond purchases from 75bn to 65bn in the second straight month of winding down stimulus efforts. The central bank had been buying bonds in an effort to keep interest rates low and stimulate growth.

• Saturday, January 11th 2014 - 11:04 UTC

  President Obama names Stanley Fischer vice-chair of the Federal Reserve

  

  US President Barack Obama Friday nominated former Israeli central bank governor and renowned economist Stanley Fischer as vice chair of the Federal Reserve, completing a shakeup of the board's leadership.

• Thursday, January 9th 2014 - 06:59 UTC

  Most Fed members agreed on December's stimulus reduction, indicate minutes

  

  Federal Reserve members mostly agreed about a reduction in the central bank's stimulus efforts in December, meeting minutes released Wednesday reveal. The central bank announced a $10bn a month reduction in its bond buying program at the end of its December meeting.

• Tuesday, January 7th 2014 - 05:58 UTC

  Yellen confirmed as next Federal Reserve chairperson: Senate votes 56-26

  

  Janet Yellen, a key force behind the Federal Reserve's unprecedented and controversial efforts to boost the US economy, was confirmed on Monday by the Senate to lead the central bank just as it begins to unwind that stimulus.

• Friday, November 22nd 2013 - 03:21 UTC

  Janet Yellen ready to become the most powerful woman in world finance

  

  The United States Senate Banking Committee approved on Thursday Janet Yellen's nomination to become the first woman to lead the Federal Reserve, sending it to the full Senate for a final vote. If she is confirmed, as is widely expected, the current No. 2 at the central bank will replace its chairman, Ben Bernanke, when his term expires on January 31, making her the most powerful woman in world finance.

• Thursday, November 14th 2013 - 07:30 UTC

  Fed chief candidate says US economy still performing “far short” of its potential

  

  Janet Yellen, President Obama's choice to lead the Federal Reserve, said the central bank would not stop its stimulus efforts until the labor market improves and inflation rises. The comments came in a statement prepared for her confirmation hearing before the Senate Banking Committee. Thursday's hearing is a chance for Senators to question Ms Yellen.

• Thursday, October 10th 2013 - 00:35 UTC

  Obama nominates ‘pro-jobs’ Yellen to head the Federal Reserve

  

  President Barack Obama has nominated Federal Reserve Vice-Chair Janet Yellen to run the world's most influential central bank and urged the Senate to confirm her without delay. Yellen, an advocate for aggressive action to stimulate US economic growth through low interest rates and large-scale bond purchases, would replace Fed Chairman Ben Bernanke, whose second term ends on January 31.