Tagged: Janet Yellen

Yellen to Step Down From Federal Reserve Board

Yellen to Step Down From Federal Reserve Board

Banking & Finance

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. read more >

Fed Announces a Start to Modestly Reducing its Bond Holdings

Fed Announces a Start to Modestly Reducing its Bond Holdings

Banking & Finance

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. read more >

Yellen Tells Congress to Expect More Rate Hikes

Yellen Tells Congress to Expect More Rate Hikes

Banking & Finance

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. read more >

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

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

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. read more >