Wednesday, April 7, 2010 as of 11:14 AM ET
Janet Louise Yellen (born August 13, 1946) is an American economist and professor, who is currently the Vice Chair of the Board of Governors of the Federal Reserve System.
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Is the economy improving? And is the Federal Reserve's current monetary policy appropriate?Going into the Federal Open Market Committee meeting Wednesday, spectators can expect a resounding "yes" on the second point -- and a measured affirmation to the first.
Jobs Still a WorrySome recent economic data support the view that the recovery remains tentative and that very accommodative policies are still necessary. The March employment numbers came in well under expectations, and the number of initial jobless claims for unemployment benefits has unexpectedly climbed in recent weeks since hitting a low point in February. As reported on April 19, initial jobless claims rose to 386,000 for the week ending April 14. The previous week came in at 370,000, later revised up to 388,000.With the intense focus on employment, not to mention housing, articulating the degree to which the economy has improved could be a slippery matter for the Fed.There are bright spots. For instance, retail spending was ...A jump in Italy's borrowing costs, reflecting growing concern about a revival of the euro zone debt crisis, put European shares and the single currency under pressur...
The Federal Reserve's number-two ranking official on Wednesday made the case for keeping interest rates low for some time, arguing the economy will continue to grow ...
FOX Business: The Power to ProsperA report on consumer confidence that blew past expectations, coupled with a strong kickoff to the holiday shopping season, lifted c...
FOX Business: The Power to ProsperA report on consumer confidence that blew past expectations, coupled with rallying energy shares, helped boost the Dow for the seco...
There is room for the Federal Reserve to do more to foster a stronger economic recovery, said Federal Reserve Vice Chairman Janet Yellen on Tuesday. "The scope remai...
Federal Reserve officials mulled doing more to breathe life into the stagnant U.S. economic recovery at a key policy meeting earlier this month and a number of offic...
FBN's Liz MacDonald on the fourth round of stress tests expected to be conducted on banks to see if they can handle recession.
The European debt crisis is raising the odds of a U.S. recession, with economic contraction more likely than not by early 2012, according to research from the San Fr...
U.S. banks are going to go through a fourth round of so-called stress tests in the coming weeks to see if they can handle a recession here and in Europe, where a so...
By Ed Krudy and Ann NachtigalTwo Federal Reserve policymakers known for their hawkish views on inflation pushed on Tuesday for the central bank to provide more guida...
RBS Managing Director Bill O’Donnell on the Fed decision and its impact on the Treasury market.
The U.S. Federal Reserve opened a two-day meeting on Tuesday that is expected to end with a decision to stock up on longer-term Treasury notes in a bid to boost a fa...
The cause of the financial crisis stemmed from fundamental breakdowns in both markets and regulation, Federal Reserve Chairman Ben Bernanke said Friday, highlighting...
Despite Friday's weak jobs report, a top Federal Reserve official forecast 3% economic growth for this year and said that unless economic conditions substantially wo...
On Thursday, gold ( NYSEARCA:GLD ) futures for June delivery jumped $20.30 to settle at $1,680.60 per ounce, while silver ( NYSEARCA:SLV ) futures surged $1 to close...
FOX Business: The Power to ProsperThe markets zipped higher, adding on to solid gains from the last session as traders continued gobbling up stocks that were beaten ...
FOX Business: The Power to ProsperMaking an abrupt turnaround, Wall Street has powered higher over the last two sessions as traders have grown more hopeful about the...
The disappointing performance of the U.S. labor market in March shows it is too early to conclude the economy is out of the woods, despite months of encouraging econ...
FOX Business: The Power to ProsperU.S. stock-index futures fell from the highs of the session as traders weighed disappointing data on the jobs front with a better-t...
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