chair-janet

Fed’s Fischer worried by emergency credit reporting rules

A top Federal Reserve policymaker on Wednesday expressed concern that U.S. reforms enacted after the global financial crisis may have made it harder to stem a credit market panic, a warning that came…

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Fed’s Fischer worried by emergency credit reporting rules

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Yellen: Fed not likely to reverse course on rates despite risks

Tightening financial conditions and uncertainty over China pose risks to the U.S. recovery, but chances are slim the Federal Reserve would need to reverse the rate tightening cycle it began in December, Fed Chair Janet Yellen told U.S. lawmakers…

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Yellen: Fed not likely to reverse course on rates despite risks

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Fed raises interest rates, citing ongoing U.S. recovery

By Howard Schneider and Jason Lange WASHINGTON (Reuters) – The Federal Reserve hiked interest rates for the first time in nearly a decade on Wednesday, signaling faith that the U.S. economy had largely overcome the wounds of the 2007-2009 financial crisis. The U.S. central bank's policy-setting committee raised the range of its benchmark interest rate by a quarter of …

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Fed raises interest rates, citing ongoing U.S. recovery

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Fed to guide on rate hike path with fresh language, forecasts

Federal Reserve Chair Janet Yellen next week has to decide not only whether to raise interest rates for the first time in a decade, but also how to assure markets on the likely path of future rate hikes. The central bank has held short-term borrowing costs near zero for seven years and the last thing policymakers want is for their first rate hike to trigger expectations for future increases that could knock economic growth off track. Traders currently expect…

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Fed to guide on rate hike path with fresh language, forecasts

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Qatar urges VW to reduce labor influence: Bild

Qatar, the third-largest shareholder in Volkswagen , is urging the German carmaker to reduce the influence of its powerful trade unions as it battles to overcome its emissions scandal, a German

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Qatar urges VW to reduce labor influence: Bild

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Uneasy calm in markets about upcoming U.S. rate increase, BIS says

By Marc Jones LONDON (Reuters) – An “uneasy calm” prevails in financial markets about the first increase in U.S. interest rates in almost a decade, which is widely expected later this month, the Bank for International Settlements said in its latest report. The restrained reaction, especially from emerging markets, to the Federal…

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Uneasy calm in markets about upcoming U.S. rate increase, BIS says

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Fed’s Yellen argues for interest rate caution in exchange with Nader

In a letter to Nader, the Fed chair repeated recent statements that the central bank should only gradually raise interest rates. “An overly aggressive increase in rates … would at undercut the economic expansion, necessitating a lasting return to low interest rates,” Yellen said in the letter. Nader published an open letter to Yellen on Oct. 30 that asked her to consider the “humble savers” with money in banks and money market accounts who were “frustrated by the Fed's low rates and melodramatic debate about when to

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Fed’s Yellen argues for interest rate caution in exchange with Nader

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Fed rate hike ‘makes sense’, says U.S. central banker

Now that the United States is closing in on full employment and inflation is likely to rise to target levels, the “next step” should be to start gradually increasing rates, a top U.S. central banker said on Saturday. “I do think it…

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Fed rate hike ‘makes sense’, says U.S. central banker

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