Federal Reserve Chair Janet Yellen said today the US central bank was on track to keep reducing its policy stimulus, even as she acknowledged the labor market recovery was "far from complete."
The Federal Reserve today said it could keep interest rates unusually low even after the U.S. job market returns to full strength and inflation rises to the central bank's target.
A White House official said today that Federal Reserve Vice Chair Janet Yellen is the front runner to take over the top job at the US central bank when Ben Bernanke steps down, the strongest indication yet of her likely nomination.
President Barack Obama has nominated Federal Reserve Vice Chair Janet Yellento run the world's most influential central bank and urged the Senate to confirm her without delay.
The US Senate Banking Committee approved Janet Yellen's nomination to become the first woman to lead the Federal Reserve.