Tagged: janet yellen

Yellen to Step Down From Federal Reserve Board

by Associated Press 11/20/2017 2:37 pm

Janet Yellen on Monday submitted her resignation from the Federal Reserve Board to President Donald Trump, announcing that she will leave the board when her successor is sworn in as Fed chairman.

Trump Nominates Jerome Powell to Be Next Fed Chairman

by Associated Press 11/2/2017 2:48 pm

President Donald Trump on Thursday announced his choice of Federal Reserve board member Jerome Powell to be the next chairman of the nation's central bank, succeeding Janet Yellen, the first woman to hold the position.

Trump Says He'll Announce New Fed Head Thursday

by Associated Press 11/1/2017 11:50 am

President Donald Trump says he'll announce the "new head" of the Federal Reserve Thursday afternoon.

Fed Announces a Start to Modestly Reducing its Bond Holdings

by Associated Press 9/20/2017 2:59 pm

The Federal Reserve will begin shrinking the enormous portfolio of bonds it amassed after the 2008 financial crisis to try to sustain a frail economy. The move reflects a strengthened economy and could mean higher rates on mortgages and other loans over time.

Yellen Tells Congress to Expect More Rate Hikes

by Associated Press 7/12/2017 11:15 am

Federal Reserve Chair Janet Yellen told Congress on Wednesday that the central bank expects to keep raising a key interest rate at a gradual pace and also plans to start trimming its massive bond holdings this year.

Yellen Signals the Fed Will Likely Raise Rates This Month

by Associated Press 3/3/2017 3:07 pm

Federal Reserve Chair Janet Yellen signaled Friday that the Fed will likely resume raising interest rates later this month to reflect a strengthening job market and inflation edging toward the central bank's 2 percent target rate.

Fed Keeps Key Rate Unchanged But Hints of Coming Hike

by Associated Press 9/21/2016 2:11 pm

The Federal Reserve is keeping its key interest rate unchanged but signaling that it will likely raise rates before year's end.

US Bank Earnings in 2Q Climbed 1.4 Percent to $43.6B

by Associated Press 8/30/2016 11:22 am

U.S. banks' earnings in the April-June period rose 1.4 percent from a year earlier as growth in lending fueled interest income, according to data issued by the Federal Deposit Insurance Corp.

Yellen Suggests Rate Hike is Coming But Offers No Timetable

by Associated Press 8/26/2016 11:17 am

Federal Reserve Chair Janet Yellen said Friday that the case for raising interest rates has strengthened in light of a solid job market and an improved outlook for the U.S. economy and inflation. But she stopped short of offering any timetable.

Average US 30-Year Mortgage Rate Unchanged at 3.43 Percent

by Associated Press 8/25/2016 11:31 am

Long-term U.S. mortgage rates didn't budge this week, remaining at historically low levels that continue to lure prospective home buyers.

Yellen, in Speech Friday, Could Send Signal About Next Hike

by Associated Press 8/25/2016 11:24 am

The job market is humming, and so are the U.S. financial markets, with major stock indexes near record highs. But the Federal Reserve has yet to signal that it will resume raising rates soon.

Yellen: Economy Improving But Timing of Rate Hike is Unclear

by Associated Press 6/6/2016 3:26 pm

Federal Reserve Chair Janet Yellen indicated Monday that the U.S. economy is improving but remains defined by so many uncertainties that it's unclear when the Fed should resume raising interest rates.

Fed Member Lael Brainard Urges Caution on Raising Interest Rates

by Associated Press 6/3/2016 11:38 am

An ally of Federal Reserve Chair Janet Yellen who has been a longtime skeptic of raising interest rates is signaling that the Fed should be in no hurry to act, especially after Friday's bleak U.S. jobs report.

Lew: US Retreat from Global Economic Stage Would be Mistake

by Associated Press 4/11/2016 11:33 am

Treasury Secretary Jacob Lew said Monday that Americans have reaped significant benefits from the international architecture put in place after World War II and the United States would be making a serious mistake to retreat from its global leadership role.

Janet Yellen Stresses that Fed Foresees Gradual Pace of Rate Hikes

by Associated Press 3/29/2016 1:22 pm

Federal Reserve Chair Janet Yellen said Tuesday that the Fed still envisions a gradual pace of interest rate increases in light of global pressures that could weigh on the U.S. economy.

With Rate Hike Likely A No Go, Investors Seek Fed's Economic Outlook

by Associated Press 3/14/2016 11:19 am

The financial world is awaiting the Federal Reserve's response to a critical question: How stable are the world's economies and financial markets?

US Stocks Fall for 4th Straight Day; Dow Down 254 Points

by Associated Press 2/11/2016 3:19 pm

U.S. stocks fell for the fourth day in a row as concerns about global economic weakness intensified, even as Federal Reserve Chair Janet Yellen reiterated her confidence in the U.S. economy. The Dow Jones industrial average fell 254 points, or 1.6 percent, to close at 15,660.

Yellen: Slower Rate Hikes On Tap If Economy Disappoints

by Associated Press 2/10/2016 11:37 am

Federal Reserve Chair Janet Yellen said the U.S. economy faces a number of global threats that could hamper growth and compel the Fed to slow the pace of future interest rate hikes.

Federal Reserve Hikes Key Interest Rate, Sees 'Gradual' Increases Ahead

by Associated Press 12/16/2015 1:01 pm

The Federal Reserve is raising interest rates after seven years of record lows. But it's signaling that further rate hikes will likely be made slowly as the economy strengthens further and muted inflation rises.

Yellen Signals Growing Likelihood of a December Rate Hike

by Associated Press 12/3/2015 11:55 am

Federal Reserve Chair Janet Yellen told Congress Thursday that economic conditions are falling into place for policymakers to raise interest rates when they meet in two weeks — as long as there are no major shocks that undermine confidence.