President Barack Obama's pick to head the Federal Reserve, Janet Yellen, says that the U.S. economy has regained ground lost to Great Recession but still needs the Fed's support because unemployment remains too high at 7.3 percent..
President Barack Obama's pick to head the Federal Reserve, Janet Yellen, says that the U.S. economy has regained ground lost to Great Recession but still needs the Fed's support because unemployment remains too high at 7.3 percent.
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The US Federal Reserve left its key interest rate unchanged Wednesday but signaled that it's prepared to start cutting rates if needed to protect the U.S. economy from trade conflicts and other threats. The Fed kept its benchmark rate _ which influences many consumer and business loans _ in a range of 2.25% to 2.5%, where it's been since December. US Federal Reserve chief Jerome Powell said that trade friction and slowing growth worldwide have led many central bankers to feel the case for an interest rate cut has 'strengthened' but that they want to see more data before moving.
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President Barack Obama says Janet Yellen is a tough and proven leader ready to take over as chairman of the Federal Reserve.
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Federal Reserve Chair Janet Yellen noted Thursday that some recent economic data have pointed to weaker-than-expected gains in consumer spending and job growth. The Fed will watch to see whether the slowdown was caused by severe winter weather.
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Federal Reserve Chair Janet Yellen said Tuesday that the economic recovery is not yet complete and for that reason the Fed intends to keep providing significant support to boost growth and improve labor market conditions. (July 15)
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Federal Reserve Chair Janet Yellen says the Federal Reserve remains patient in deciding when to raise interest rates because too many Americans remain unemployed, wage growth remains sluggish and inflation is running below the Fed's target. (Feb. 24)
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Jaane Anjane Hum Mile | Bharat Ahlawat Talks About His Character In The show
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