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 [...]
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 [...]
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 [...]
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 [...]