Yellen: Steady Fed Policy Could Shift With ‘Notable’ Economic Change
Fed Chief Janet Yellen said that while she expects continuity in Fed policy, pausing or increasing bond purchases was not out of the question.
Russell Investments Chief Economist Dueker Found Dead
Mike Dueker, the chief economist at Russell Investments, was found dead at the side of a highway that leads to the Tacoma Narrows Bridge in Washington state, according to the police.
Surprising Jobless Rate Decline Runs Into Fed Rate Policy
The Fed said in 2012 that interest rates would remain near zero until unemployment fell to 6.5%—it’s now at 6.7%.
Disappointing Jobs Report Fuels Rally in Treasuries, Gold
Treasuries rallied with gold and the dollar retreated after U.S. payrolls rose less than forecast in December, easing concern stimulus cuts would accelerate.
Most Fed Officials Backed Tapering of QE
They saw an improving job market coupled with diminishing economic benefits to further bond buying, FOMC meeting minutes show.
House Committee Promises ‘Vigorous’ Oversight of Yellen’s Fed
The House Financial Services Committee plans to hold a series of "aggressive" hearings this year on how to reform the central bank.
Yellen Confirmed by Senate to Become Fed Chairman
Yellen, who will replace Bernanke after Jan. 31, will be the first woman to head the central bank in its 100-year history.
Fed to Start Tapering, Easing QE Program
Chairman Ben Bernanke said that further tapering would “be data dependent,” but the Fed would “probably do a measured reduction” at each meeting.
Larry Summers Argues for Easy Money as All Eyes Watch Fed
Summers fears the U.S. is in danger of sinking into a Japan-style stagnation, which, to be pre-empted, requires long-term “unconventional policy support” from the Fed.
El-Erian: 5 Things to Look for in Yellen Testimony
Mohamed El-Erian predicted few fireworks ahead of Janet Yellen’s confirmation hearing on Thursday.