Yellen Sees Rates Rising Gradually but Avoids Precise Timing
“Yellen’s speech is clearly aimed at calming nerves” after a weak jobs report, an economist says.
Weak U.S. Jobs Report Pulls Rug From Under June Fed Rate Hike
The argument for a June interest rate hike from the Federal Reserve has evaporated with the news that only 38,000 jobs were created in May.
Most Fed Officials Said June Hike Likely if Economy Warrants
But policymakers were divided over whether those conditions were likely to be met in time.
U.S. Regulators Play Down Impact of Regulation on Bond Liquidity
Two U.S. regulators said that tougher rules to strengthen the nation’s financial system had not impaired the functioning of the bond market.
Some FOMC Members Saw December Rate Rise as ‘Close Call’
Some policymakers worried about too-low inflation and received assurances that their colleagues would closely monitor its progress.
Yellen Signals Solid Economy Would Spur December Rate Hike
“At this point, I see the U.S. economy as performing well,” Yellen said on Wednesday in testimony before the House Financial Services Committee in Washington.
Fed Leaves Rates Unchanged
Federal Reserve opted to delay a rate increase amid stubbornly low inflation, an uncertain outlook for global growth and recent financial-market turmoil.
Fed Says Labor Market Improves as It Moves Toward Rate Rise
The FOMC is moving closer to ending an unprecedented period of near-zero interest rates without providing a clear signal on the timing of liftoff.
Yellen Upbeat on Economy Amid GOP Attacks
Yellen rejects more oversight of Fed as House Republicans criticize her.
Yellen Maintains Outlook for First Fed Rate Hike in 2015
But "unanticipated developments could delay or accelerate this first step," the Fed chief said.