As the world's top central bankers gather in Wyoming this week, their relief about a stronger global economy will be tempered by a growing unease that inflation remains inexplicably low. Federal Reserve Chairwoman Janet Yellen and European Central Bank President Mario Draghi will be among ...
U.S. President Donald Trump is increasingly unlikely to nominate Federal Reserve Chair Janet Yellen for a second term next year, and National Economic Council Director Gary Cohn is the leading candidate to succeed her, Politico reported on Tuesday, citing four people close to the ...
For all the talk of a radical shift in central banking policy, from the permanent use of negative rates to printing "helicopter money," Federal Reserve Chair Janet Yellen appears to believe she can tackle any downturn using the tools currently at her disposal. Speaking in ...
The BOJ's Haruhiko Kuroda can offer the Fed's Janet Yellen a lesson: When cutting rates to zero, you need a clear exit plan.
U.S. Federal Reserve Chair Janet Yellen indicated Monday that the U.S. economy is improving but remains defined by so many uncertainties that it is unclear when the Fed should resume raising interest rates. Speaking in Philadelphia, Yellen struck a broadly positive and optimistic tone about ...
Republican presidential candidate Donald Trump would be inclined to replace Federal Reserve Chair Janet Yellen if he wins the White House despite supporting the U.S. central bank's efforts to keep interest rates low, he told Fortune magazine. "I think she's done a serviceable job," Trump ...
While its mandate is domestic stability, concerns about Asia's growth limits the Fed's ability to normalize rates.
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. The Fed's move Wednesday to lift its key rate by a ...
U.S. job growth surged in October and the unemployment rate hit a 7½-year low of 5 percent in a show of economic strength that makes it much more likely the Federal Reserve will raise interest rates in December. Nonfarm payrolls increased 271,000 last month, the ...
Federal Reserve officials were almost ready to raise interest rates in September but held off because of China's economic slowdown and its potential to derail U.S. growth and inflation. Minutes of the Sept. 16-17 discussions released Thursday showed the central bank believed the time for ...
Chair Janet Yellen said Thursday that she expects the Federal Reserve to begin raising interest rates from record lows by the end of the year. In a lecture at the University of Massachusetts at Amherst, Yellen said she thought inflation would gradually move up to ...
Will they or won't they? Nine years after they last raised their benchmark interest rate and after months of feverish speculation, Federal Reserve policymakers this week may finally raise that rate from a record low near zero. Unless they don't. Financial markets have been zigzagging with anxiety ...
