07/29/14 12:15 PM
WASHINGTON (AP) — This much is clear: The Federal Reserve will make another cut this week in its monthly bond purchases, which have been aimed at keeping long-term loan rates low. This much is not: When will the Fed start tightening its interest-rate policy to thwart any runaway inflation?...
By Joseph Lawler | 07/28/14 07:46 AM
For perspective, if the Fed were allowed to buy stocks, at current prices it could have bought Apple, Google and Microsoft for that sum -- with General Motors and Ford thrown into the mix, with $44 billion left over.
By Joseph Lawler | 07/25/14 12:58 PM
There's new evidence that the huge number of Americans counted as long-term unemployed has been dropping in recent months because those people have been finding jobs, not because they've given up looking.
By Joseph Lawler | 07/21/14 08:17 AM
Federal Reserve Chairwoman Janet Yellen isn't sure what's gone wrong with the U.S. housing comeback. “I have to say that I'm somewhat surprised,” Yellen said of the weakness of the housing market in a hearing in the House last week. “Frankly, it continues to be sluggish. And I can't give...
07/17/14 12:15 PM
LONDON (AP) — Another round of U.S. sanctions on Russia weighed on markets Thursday. News that a Malaysia Airlines passenger plane carrying 295 had been shot down over Ukraine added to the negative tone. Russia's MICEX index underperformed the world market, closing down 3.8 percent, a day...
By Steve Chapman | 07/17/14 10:43 AM
There is a point at which firmness of conviction becomes obstinacy, and there is a point at which obstinacy becomes comedy. The latter was on spectacular view the other day when a prominent inflation hawk self-destructed on national TV.
By Joseph Lawler | 07/16/14 05:50 PM
She avoided making any big monetary policy news in two appearances on Capitol Hill this week, but Janet Yellen couldn't escape a few confrontations that raise doubts about the details of the Federal Reserve's plans to avoid bailouts in future financial crises.
07/16/14 02:01 PM
WASHINGTON (AP) — Federal Reserve Chair Janet Yellen said Wednesday it would be a serious mistake for Congress to require the nation's central bank to adopt a formal policy rule to guide its decisions on setting interest rates. Yellen faced a barrage of questions from Republican lawmakers...
07/15/14 05:00 PM
WASHINGTON (AP) — Despite recent sizable job gains, Federal Reserve Chair Janet Yellen is signaling that her agency is in no rush to withdraw the massive support it is providing the U.S. economy. Extra caution is warranted, she said Tuesday, given a number of "false dawns" in this recovery...
By Joseph Lawler | 07/15/14 01:43 PM
Sen. Elizabeth Warren grilled Federal Reserve Chairwoman Janet Yellen on an important provision of the law intended to prevent banks from becoming too big to fail.
By Joseph Lawler | 07/14/14 07:38 AM
If the current economic recovery had kept pace with other post-World War II recoveries, the average American would have $2,700 more in annual income.
By Joseph Lawler | 07/09/14 03:18 PM
Federal Reserve officials have an end in mind for the latest round of quantitative easing: If all goes to plan, they will taper the central bank's bond purchases from the current $35 billion a month to zero by October.
By Joseph Lawler | 07/03/14 12:05 PM
Just how much of the decline in labor force participation is due to long-term, secular factors and how much is due to cyclical weakness is a matter of ongoing debate.
07/02/14 02:30 PM
WASHINGTON (AP) — Federal Reserve Chair Janet Yellen said Wednesday that she doesn't see a need for the Fed to start raising interest rates to defuse the risk that extremely low rates could destabilize the financial system. Yellen said she does see "pockets" of increased risk-taking. But she...
By Joseph Lawler | 07/02/14 01:28 PM
There's no financial bubble right now worrisome enough to justify raising interest rates, Federal Reserve Chairwoman Janet Yellen reasserted Wednesday.
By Philip Klein | 07/28/14
By Ashe Schow | 07/29/14
By Paul Bedard | 07/29/14
By Charles Hoskinson | 07/28/14
By Mark Tapscott | 07/28/14