Tag Archives: Janet Yellen

It's no secret that the Fed is taking a gradual approach to further rate hikes, but it may be even more gradual than originally expected.

Federal Reserve chair Janet Yellen will have the floors of both the House and Senate to herself this week for the first time in seven months. What can we expect from the hearings?

A perceived lack of transparency on the part of the Federal Reserve is expected to be a major topic discussed when Chairman Janet Yellen testifies before Congress on February 10.

H.R. 3189, known as the Fed Oversight Reform and Modernization (FORM) Act, is scheduled for a full House vote this week after passing in the House Financial Services Committee by a 33-25 vote on July 29. The bill is sponsored by Rep. Bill Huizenga (R-Michigan), who is the House Monetary Policy and Trade Subcommittee Chairman.

Interest rates nearly took center stage in this banking testimony as Chair Yellen noted that the domestic economy is “pretty strong” and the “gradual rise in rates should not derail the housing market. Employment is going up, income is going up, and If the labor market improves, inflation will move up. December sounds incrementally more likely, but hinges on jobs reports.”

President Barack Obama and Federal Reserve chair Janet Yellen are scheduled to meet one-on-one on Monday, November 3, according to a White House official.

More than two years after the central bank kick off its latest economic stimulus program, policymakers at the Federal Reserve once again voted this week to scale down monthly asset purchases—and hinted that the end is in sight.

In their latest economic projections from June, the members of the Federal Open Market Committee (FOMC) projected a median federal funds rate of 1 percent at year-end 2015 and 2.5 percent at the end of 2016. Based on their own modeling, the analysts say investors put the probability of the federal funds rate hitting the FOMC's target next year at 31 percent, with 2016's projected rate having a 27 percent probability.

Yellen gave her semi-annual Monetary Policy Report and made the case that while the economy has seen improvement the economic recovery is still too fragile to deviate from the present course of Fed policy.

Federal Reserve Chair Janet Yellen will testify before Congress on Tuesday and Wednesday of this week to give her semi-annual report on the health of the United States economy and Fed efforts to help jumpstart a recovery that, while still trending upward, has started to slow in recent months.