An improving job market edged the US Federal Reserve closer to an interest rate hike at its July meeting even as policymakers continued to express broad concerns about lagging inflation and the weak state of the world economy, according to minutes released today.
The US economic recovery remains incomplete, with a still-ailing job market and stagnant wages justifying loose monetary policy for the foreseeable future, Federal Reserve Chair Janet Yellen told a Senate committee today.
President of the United States Barack Obama and Federal Reserve Chair Janet Yellen discussed the outlook for the US and global economies and the implementation of Wall Street reforms during an Oval Office meeting, the White House said.
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.
This year’s edition of the Time’s 100 most influential people include 41 women, the most to be ever included in the magazine’s list released today.
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.