About two dozen protesters held a rally outside of the New York federal Reserve calling on the U.S. government to impose economic sanctions on the government of Ukraine. (Feb. 19).
About two dozen protesters held a rally outside of the New York federal Reserve calling on the U.S. government to impose economic sanctions on the government of Ukraine. (Feb. 19)
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The vice chairman of the Federal Reserve, a leading candidate to replace Ben Bernanke as head of the agency, is favored by Democrats and economists alike.
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US Fed Reserve: Holds rates, pledges 'patient' stance on future moves. Removes reference to further gradual rate increases
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Federal Reserve Chairman Jerome Powell says the US economy is facing some risks at the moment, but overall it is in a 'good place' and the Fed's main job is to 'keep it there as long as possible.' Powell notes that unemployment is at a half-century low and inflation is running close to the 2% target. He says that while Fed officials believe they have the correct strategy and tools to extend the current record-long expansion, it is important to examine whether any changes could improve the Fed's handling of the economy. Powell's comments came at the Fed's 12th listening session. Listen-in. (Text: AP/Video: Courtesy of Federal Reserve YouTube)
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America में महंगाई की बढ़ी रफ्तार | ब्याज दरों में 1994 के बाद से बड़ा इजाफा | Us Federal Reserve |
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A Bangladeshi man who came to the United States to wage jihad was arrested in an elaborate FBI sting on Wednesday after attempting to blow up a fake car bomb outside the Federal Reserve building in Manhattan, authorities said.
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Federal authorities say a man from Bangladesh has been jailed in a sting operation for allegedly plotting to blow up New York's Federal Reserve building. It's blocks from the World Trade Center site.
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President Barack Obama will nominate Janet L. Yellen as chairwoman of the Federal Reserve on Wednesday, White House officials said Tuesday night, ending an unusually prolonged and public search to fill one of the most important economic policy-making jobs in the world.
Yellen, 67, has been the Fed's vice chairwoman since 2010, when Obama nominated her to the post and she was easily confirmed on a voice vote by the Senate. She would be the first woman to run the central bank.
She is also expected to win bipartisan support for her new role in the Democratic-controlled Senate, said Sen. Charles E. Schumer of New York. But some Republicans could throw up hurdles. Sen. Bob Corker of Tennessee voted against her appointment as vice chairman because of what he called 'her dovish views on monetary policy,' and he was already expressing reservations on Tuesday night about her nomination for the top job.
'We will closely examine her record since that time,' said Corker, who sits on the Banking Committee, which must clear her nomination before it moves to the full Senate. 'But I am not aware of anything that demonstrates her views have changed.'
Yellen's nomination was widely expected, but she was not thought to be Obama's first choice for the job. For months, the speculation was that the president would nominate Lawrence H. Summers, a former adviser of Obama's. But Summers d
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