By Joseph Lawler | 04/16/14 02:29 PM
In a speech at the Economic Club of New York on Wednesday, Yellen noted that the Fed's monetary policy committee's latest projections were for the unemployment rate to fall within the range of what officials think is full employment for the U.S. by the end of 2016, and for inflation to rise to...
04/03/14 03:15 PM
Average U.S. rates on fixed mortgages rose slightly this week but remained near historically low levels.
By Joseph Lawler | 04/03/14 10:00 AM
In the face of 12-percent unemployment and 0.5-percent inflation, the European Central Bank took no action Thursday following the meeting of its monetary policy council. Mario Draghi, the Italian president of the ECB, said that the "moderate recovery of the euro area economy is proceeding in...
03/27/14 11:30 AM
WASHINGTON (AP) — Average U.S. rates on fixed mortgages rose this week in the wake of comments by Federal Reserve Chairman Janet Yellen suggesting that the Fed could start raising short-term interest rates by mid-2015. Mortgage buyer Freddie Mac said Thursday the average rate for the 30-year...
By Joseph Lawler | 03/19/14 03:40 PM
The Federal Reserve revamped its stimulus program Wednesday in the first meeting run by new Chairwoman Janet Yellen, continuing the “taper” of its bond-buying program while abandoning a benchmark for its policy of zero-percent interest rates that had become obsolete. As expected, the...
By Joseph Lawler | 03/17/14 07:09 AM
The key question regarding the first monetary policy meeting of the Federal Reserve System in the Janet Yellen era on Tuesday and Wednesday is whether the central bank will change its guidance about zero interest rates, and how.
By Joel Gehrke | 04/18/14
By Mark Tapscott | 04/18/14
By Sean Higgins | 04/18/14
By Byron York | 04/17/14
By Paul Bedard | 04/17/14