Via Greg Hunter's USA Watchdog blog, Former Federal Reserve insider Danielle DiMartino Booth says the record high stock and bond prices make the Fed nervous because it’s fearful of popping this record high credit bubble. DiMartino Booth...Show More Summary
The Wall Street Journal reports today on the most recent meeting of the Federal Reserve. They’re still planning to raise interest rates in December, but “many participants” are worried about weakness in inflation: Minutes of the Oct. 31-Nov. 1 meeting, released Wednesday with the usual three-week lag, indicated that officials thought persistently weak inflation could […]
Federal Reserve Chair Janet Yellen said the biggest challenge facing the central bank in coming years will be to craft an interest rate policy that balances economy.
Federal Reserve officials generally believe that it'll soon be time for another increase in the Fed's key interest rate. However, a few felt any further rate hikes should be delayed … Click to Continue »
Federal Reserve officials generally believe that it'll soon be time for another increase in the Fed's key interest rate. However, a few felt any further rate hikes should be delayed until they see inflation moving higher, minutes of their last meeting revealed. Minutes of the Fed's Oct. 31-Nov....
Federal Reserve officials remain united in confusion about why inflation is weak but divided about the consequences.
Federal Reserve Chair Janet Yellen raised fresh concerns about low inflation in Tuesday evening speech. Fed minutes from Nov. 1 meeting show doubts exist among policymakers about whether low inflation is in fact transitory. Wall Street...Show More Summary
From the Philly Fed: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for October 2017. Over the past three months, the indexes increased in 40 states, decreased in nine, and remained stable in one, for a three-month diffusion index of 62. Show More Summary
Here’s Tim Duy at Bloomberg: It was supposed to be easy. When the Federal Reserve started hiking the federal funds rate, longer-term interest rates would rise. After all, they were at very low levels, restrained by a low-term premium. The “Greenspan conundrum” of the past two cycles, when long rates failed to respond in line […]
Janet Yellen submitted her resignation from the Federal Reserve board to President Trump on Monday, announcing that she will leave when her successor is sworn in as Fed chairman. In a letter to the president, Yellen said she would her do her"utmost" to ensure a smooth transition to Jerome Powell,...
Janet Yellen says she'll step down from the Federal Reserve Board when her successor as chair is sworn in. Earlier this month, President Trump named Jerome Powell to be the next Fed chairman.
From the Federal Reserve: Janet L. Yellen will step down as a Member of the Board of Governors of the Federal Reserve System, effective upon the swearing in of her successor as ChairJanet L. Yellen submitted her resignation Monday as...Show More Summary
A growing economy is a president's best Tweet. Don?t look now, but U.S. growth forecasts are moving higher. That?s helping to support U.S. stocks. Projections for U.S. economic growth from two Federal Reserve banks have risen in recent weeks. The...
Federal Reserve Chair Janet Yellen says she'll quit the Fed's board of governors when her term as chair ends in February.
The first female chair of the Federal Reserve declined the option to stay on as a lower-ranking Fed official.
Two from Tim Duy. First: The Unintended Consequences of a Flatter Yield Curve, by Tim Duy: It was supposed to be easy. When the Federal Reserve started hiking the federal funds rate, longer-term interest rates would rise. After all, they...
Janet Yellen is submitting her resignation from the Federal Reserve board to President Donald Trump, announcing that she will leave the board when her successor Jerome Powell is sworn is … Click to Continue »
Yellen will leave the board when her successor Jerome Powell is sworn in
U.S. Federal Reserve Chair Janet Yellen will leave her seat on the central bank’s Board of Governors once Jerome Powell is confirmed and sworn in to replace her as head of the Fed, the central bank and Yellen announced on Monday. Yellen’s term as Fed chief ends in February, but she...