Latest Janet Yellen News

Today in History

Aug. 13, 2018 12:01 AM EDT

Today in History Today is Monday, Aug. 13, the 225th day of 2018. There are 140 days left in the year. Today's Highlight in History: On August 13, 1961, East Germany sealed off the border between Berlin's eastern and western sectors before building a wall that would divide the city for the next 28 years. On this...

Treasury Secretary: Trump not threatening Fed's independence

Jul. 21, 2018 4:03 PM EDT

BUENOS AIRES, Argentina (AP) — U.S. Treasury Secretary Steven Mnuchin said Saturday that Donald Trump was not trying to put pressure on the Federal Reserve when he criticized its decision to raise interest rates. Speaking to reporters on the sidelines of a Group of 20 meeting in Buenos Aires, Argentina,...

Powell says strong economy will keep rate hikes coming

Jul. 17, 2018 4:23 PM EDT

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell told lawmakers Tuesday that strong economic growth will keep the central bank on a path to gradually raise interest rates. But he noted that President Donald Trump's get-tough trade policies run the risk of dampening future growth if they lead to...

Federal Reserve projects further gradual hikes in key rate

Jul. 13, 2018 6:44 PM EDT

WASHINGTON (AP) — The Federal Reserve said Friday it expects low unemployment and rising inflation will keep it on track to raise interest rates at a gradual pace over the next two years. By late 2019, the Fed says its key policy rate should be at a level that will be slightly restrictive for growth. The...

Fed Chair Powell says economy in 'good place' at moment

Jul. 12, 2018 6:01 PM EDT

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Thursday that the economy is in a "good place" at the moment with low unemployment and inflation rising toward the Fed's optimal range. But he says rising trade tensions and higher tariffs could end up being a drag on growth. In an interview for...