Latest Janet Yellen News

Fed officials feared adverse market reaction in 2013

Jan. 11, 2019 5:17 PM EST

WASHINGTON (AP) — Federal Reserve officials were worried about an adverse market reaction when they made their first tentative moves in 2013 to pull back on the massive support they had been providing to help the economy recover from the Great Recession. Transcripts of their discussions released Friday...

Today in History

Jan. 6, 2019 12:01 AM EST

Today in History Today is Sunday, Jan. 6, the sixth day of 2019. There are 359 days left in the year. Today's Highlight in History: On Jan. 6, 1945, George Herbert Walker Bush married Barbara Pierce at the First Presbyterian Church in Rye, New York. On this date: In 1759, George Washington and Martha Dandridge...

Powell says he would reject any Trump request to resign

Jan. 4, 2019 6:29 PM EST

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Friday that he will not resign if asked to do so by President Donald Trump, and that he is prepared to be patient in deciding when to raise interest rates again. Both of those messages cheered stock market investors who had been worried about...

Fed's Powell embraces uncertainty and risks that go with it

Dec. 20, 2018 6:38 AM EST

WASHINGTON (AP) — Jerome Powell sounded a note of humility Wednesday. The question for the Federal Reserve chairman is whether humility plays well with the financial markets. Speaking at a news conference after the Fed raised its key interest rate for the fourth time this year, Powell acknowledged the...

Fed Chairman Powell says economic challenges remain

Dec. 3, 2018 8:42 PM EST

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Monday that despite solid economic progress, the country still faces a number of challenges ranging from slow wage-growth for lower-income workers to sluggish productivity and an aging population. Powell said in remarks at a Fed award ceremony...

Fed officials express caution about pace of future hikes

Nov. 29, 2018 5:01 PM EST

WASHINGTON (AP) — Federal Reserve officials earlier this month appeared on track to raise its key interest rate again in December, but they signaled that the pace of future rate hikes might need to slow given emerging risks to the economy, according to minutes of the discussions released Thursday. The...

Trump can rail against Powell, but he can't fire him

Nov. 28, 2018 5:14 PM EST

WASHINGTON (AP) — Jerome Powell, the man President Donald Trump chose last year to lead the Federal Reserve, may at times think he's living through a prolonged episode of the "The Apprentice," the reality TV show in which Trump was famous for declaring, "You're fired!" Except he's not. Trump in recent...