Bullish US outlook helps Janet Yellen win over Charles Plosser and Richard Fisher to interest rate pledge October 29, 2014 Federal Reserve chair Janet Yellen persuaded two hawkish colleagues to join her pledge yesterday to keep interest rates low for a “considerable time”, winning them over by sounding an optimistic tone on the US job market and inflation. Immediately after the announcement, the dollar surged to a three-week high. The Fed announced the end of [...]
Fed’s Janet Yellen hints at an early rate rise August 22, 2014 New US Fed chief Janet Yellen raised the prospect of an earlier-than-expected rise in interest rates during her first address to the audience of central bank chiefs at the Kansas City Fed's symposium in Jackson Hole, Wyoming on Friday. Yellen, who started her job in February this year, studiously avoided making any commitments to new [...]
Janet Yellen’s Jackson Hole speech: Full text August 22, 2014 Janet Yellen opened the Kansas City Fed's symposium in Jackson Hole, Wyoming on Friday for the first time since she was installed as chair of the US Fed. Her speech, on the subject of "labour market dynamics and monetary policy", called for "pragmatic" policy, and said there was "no simple recipe" to help the [...]
Janet Yellen to give debut speech at Jackson Hole monetary policy forum August 17, 2014 The annual American monetary policy gathering in Jackson Hole, Wyoming will get underway this week, Janet Yellen’s first as chair of the US Federal Reserve. The events, which begin on Thursday, are centred on the topic of “re-evaluating labour market dynamics” this year. The Federal Reserve chair typically gives a speech on the Friday morning [...]
Fed chair Janet Yellen defends low interest rates amid concern over frothy prices July 16, 2014 Federal Reserve chair Janet Yellen held the line during a grilling from US politicians yesterday, arguing that the economic climate meant that very low interest rates were still appropriate. “If the Fed [and Yellen] is going make a change in rhetoric, it is likelier to come at the September meeting, because that is the next [...]
Fed’s Janet Yellen: US recovery is incomplete and uncertainty remains July 15, 2014 The US recovery is far from complete. That's the message from Federal Reserve chair Janet Yellen, who in written testimony has said that "too many Americans remain unemployed" and inflation remains below the central bank's objective. Yellen has also highlighted "considerable uncertainty" surrounding the Fed's projections for economic growth. Central bank watchers will be trying [...]
Federal Reserve’s chair Janet Yellen stays firm on low interest rates July 2, 2014 Federal Reserve chair Janet Yellen yesterday stuck by the US central bank’s loose monetary policy, reiterating her view that regulation should be the key tool used to combat financial stability risks. She argued that interest rates should seldom be used to combat risks to financial stability and that doing so to counter the US housing [...]
Janet Yellen won’t be pleased with this month’s US home sales May 22, 2014 Data from the National Association of Realtors shows existing home sales up from 4.59m to 4.65m in April, with the change in existing home sales up by 1.3 per cent. Analysts at Investec said in a preview that these figures "are likely to take on additional significance this week following Janet Yellen’s comments regarding housing [...]
Chinese trade data and dovish Yellen boost Asian markets May 8, 2014 Asian markets have been boosted by a recovery in Chinese exports and imports as well as Federal Reserve chairman Janet Yellen's commitment that the Fed will continue to support the US economy. Chinese export growth rose from -6.6 per cent year-on-year in March to 0.9 per cent in April, outperforming Bloomberg's median estimate of minus [...]
Yellen: Low rates to stay as labour market still unsatisfactory May 7, 2014 Janet Yellen has today defended the US’s central bank’s accommodative policy, saying it still remains warranted – it’s not rushing to raise interest rates. Giving her testimony to Congress, this is Yellen’s first opportunity to speak following April’s improved jobs figures. Dismissing concerns over growth stangation in the first quarter – which, she said, were [...]