US Fed Chair Yellen Speaks

Janet Yellen, the Federal Reserve chairwoman, made a relaxed appearance at New York University on Tuesday night, answering questions about her life in economics and her time at the Fed one day after she announced plans to leave the central bank next year. Ms. Yellen said nothing new about the Fed’s policy plans for the coming months, leaving unaltered the widespread expectation that the Fed will raise its benchmark interest rate in mid-December. Instead, Ms. Yellen entertained the audience with her description of her first day at the ...

The US Dollar was steady against the Euro and other majors Wednesday as Federal Reserve Chair Janet Yellen made one of her last public speeches from the helm of the central bank. Speaking at the Stern Business School in New York, Yellen said that the Fed was “reasonably close” to its goals and should keep raising interest rates gradually. She spoke a day after announcing her retirement, which is expected to take effect in February 2018. Yellen said that raising rates was key to dealing with any potential future negative economic ...

The Federal Reserve is “reasonably close” to its goals and should keep gradually raising U.S. interest rates to avoid the dual pitfalls of letting inflation drift below target for too long, and of driving unemployment down too far, Fed Chair Janet Yellen said on Tuesday. A day after announcing her retirement from the central bank, planned for early February, Yellen said the Fed aims to avoid the “boom and bust” economy of the past. She added she does not believe that expectations for inflation - which has remained below a 2-percent ...

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The U.S. dollar dropped against other major currencies on Tuesday ahead of a closely-watched speech by Federal Reserve Chair Janet Yellen. Investors were awaiting Yellen's speech scheduled for later on Tuesday. In the previous session, she said that she would leave once her successor is sworn in. Yellen's term as Fed chair expires in February 2018 but her term as Fed governor would have ended in January 2024. President Donald Trump earlier this month appointed current Fed Governor Jerome Powell as the next Fed chair. On the economic ...

Federal Reserve Chairwoman Janet Yellen on Tuesday admitted that the range of different voices on the central bank’s policy-setting committee can be confusing to the public, calling it one of the institution’s biggest challenges. Speaking in a panel discussion in Frankfurt alongside European Central Bank President Mario Draghi, Bank of Japan Gov. Haruhiko Kuroda and Bank of England Gov. Mark Carney, Yellen said having 19 members on the Federal Open Market Committee creates healthy debates but also that it creates confusion when they ...

Equity Market Rally Appears to Have Stalled Despite Strong Earnings Season It’s been a mixed start to trading again on Tuesday and US futures are pointing to similar moves ahead of the open, a sign that markets are starting to look a little overextended. The rally in equity markets has been very gradual and relatively uninterrupted over the last couple of months, leading many to question whether a correction of some kind is both warranted and healthy. Despite another strong earnings season, the rally has stalled which suggest we may ...