By Joseph Lawler | 03/10/14 05:29 AM
By initiating the tapering of the Federal Reserve's quantitative easing program, former chairman Ben Bernanke left office knowing he had set in motion the process that would ultimately wind down the Federal Reserve's massive balance sheet and return to more normal times. But the taper won’t...
By Joseph Lawler | 02/28/14 09:15 AM
The difference was mostly reductions in the Bureau of Economic Analysis' estimates of consumer spending, business inventories added, government outlays, and exports. Business investment was marked up.
By Joseph Lawler | 02/27/14 01:45 PM
Federal Reserve Chairwoman Janet Yellen lent credence Thursday to a Congressional Budget Office study of the minimum wage that White House economists had criticized for its finding that an increase favored by President Obama would cost 500,000 jobs. In an unusual criticism of the nonpartisan...
By Joseph Lawler | 02/27/14 01:22 PM
The Federal Reserve could halt the taper of its bond purchases if recent weak economic indicators reflect not just bad weather but underlying slow growth, Chairwoman Janet Yellen said Thursday morning. Yellen said at a Senate Banking Committee hearing that if there's a "significant change in...
By Joseph Lawler | 02/24/14 08:34 AM
Is the Federal Reserve's taper tightening the money supply? Both former Fed Chairman Ben Bernanke and current Chairwoman Janet Yellen have been careful to reassure markets that they have not been trying to tighten money conditions by reducing monthly bond purchases by $10 billion at recent...
02/12/14 07:45 AM
PARIS (AP) — Global stock markets posted further gains Wednesday after the new head of the U.S. Federal Reserve indicated that interest rates would remain low for a while to come. Stronger Chinese trade figures and the shelving of another U.S. debt limit battle also helped to shore up...
02/11/14 04:30 PM
WASHINGTON (AP) — Federal Reserve Chair Janet Yellen sought Tuesday to reassure investors that she will embrace the approach to interest-rate policy that her predecessor, Ben Bernanke, pursued before he stepped down as chairman last month. Yellen told Congress that if the economy keeps...
By Joseph Lawler | 02/11/14 01:36 PM
In her first public appearance as chairwoman of the Federal Reserve, Janet Yellen fielded questions from members of the House Financial Services Committee on Tuesday. During the hearing on monetary policy, which was required by law, Yellen addressed questions about her plans for the Fed and...
By Joseph Lawler | 02/11/14 09:00 AM
Janet Yellen will signal continuity with her predecessor Ben Bernanke in her first public appearance as Federal Reserve chairwoman before the House of Representatives Tuesday morning, saying that she expects the Fed to continue to taper its asset purchases in "measured steps" in the months ahead.
By Joseph Lawler | 02/10/14 05:26 PM
One question newly-installed Federal Reserve Chairwoman Janet Yellen is sure to face at this week's monetary policy hearings on Capitol Hill is what the rapidly falling unemployment rate means for the central bank's stimulus policies.
By Associated Press | 02/10/14 08:51 AM
Oil prices were fairly steady below $100 a barrel on Monday as investors awaited comments from the new chairman of the U.S. Federal Reserve in the wake of some mixed jobs figures.
By Joseph Lawler | 02/10/14 06:34 AM
The economy's recovery has been unequal, with the top 1 percent of income earners capturing 95 percent of the income gains between 2009 and 2012, according to the most recent Internal Revenue Service data collected by Berkeley economist Emmanuel Saez.
By Joseph Lawler | 02/03/14 08:58 AM
Janet Yellen will be sworn in as the chairwoman of the Federal Reserve at 9 a.m. on Monday morning, making her the most important economic policymaker and one of the most powerful women in the world. As she takes up her office amid a U.S. economy that is still struggling to recover from the...
By Joseph Lawler | 01/31/14 11:47 AM
The economy is positioned for stronger growth in 2014 if the private sector can match its 2013 performance, top White House economic adviser Jason Furman said Friday morning.
By Joseph Lawler | 01/29/14 02:36 PM
The Federal Reserve announced Wednesday that it would continue tapering the size of its monthly bond purchases, saying after Ben Bernanke's last meeting as chairman that the economy has improved enough to reduce the the stimulus by $10 billion to $65 billion. The cuts will come equally from...
By Ashe Schow | 03/10/14
By Paul Bedard | 03/09/14
By Michael Barone | 03/10/14
By Washington Examiner | 03/08/14
By Byron York | 03/10/14