Latest Janet Yellen News

Today in History

Mar. 19, 2019 12:01 AM EDT

Today in History Today is Tuesday, March 19, the 78th day of 2019. There are 287 days left in the year. Today's Highlight in History: On March 19, 1945, during World War II, 724 people were killed when a Japanese dive bomber attacked the carrier USS Franklin off Japan (the ship was saved). Adolf Hitler ordered...

Powell says Trump's attacks played no role in rate pause

Mar. 11, 2019 4:03 AM EDT

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says political attacks by President Donald Trump played no role in the Fed's decision in January to signal that it planned to take a pause in hiking interest rates. He also said in an interview broadcast Sunday that he can't be fired by the president...

How Federal Reserve helped fuel the bull market in stocks

Mar. 8, 2019 11:09 AM EST

WASHINGTON (AP) — The decade-long bull market in stocks was fueled in no small part by the aggressive moves the Federal Reserve took after the 2008 financial crisis and the Great Recession to nurse the U.S. economy back to health. The Fed took the extraordinary step of keeping its benchmark short-term rate...

The Latest: Powell: Fed in 'no rush' to decide rate moves

Feb. 26, 2019 12:49 PM EST

WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell's testimony to Congress (all times local): ___ 12:15 p.m. Federal Reserve Chairman Jerome Powell wraps up more than two hours of Senate testimony by giving a broader definition of what the Fed means when it says it will be "patient" in...

Yellen critical of Trump's grasp of economic policy

Feb. 25, 2019 5:58 PM EST

WASHINGTON (AP) — Former Federal Reserve Chair Janet Yellen says she doubts that President Donald Trump has a good grasp of economic policy or even knows the Federal Reserve's mandates. "I doubt that he would even be able to say that the Fed's goals are maximum employment and price stability," Yellen said...

Fed Chairman Powell urges plain speaking at Fed

Feb. 6, 2019 8:31 PM EST

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Wednesday that he has used his first year as chairman to make sure the central bank deserves the trust of the American people, especially at a time when people are losing faith in big institutions. Powell acknowledged that at the moment "we are...

Mnuchin says Powell and Trump had 'productive' meeting

Feb. 6, 2019 2:45 PM EST

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin said Wednesday that President Donald Trump had a "quite productive" dinner with Federal Reserve Chairman Jerome Powell, during which they discussed a wide range of subjects, from the state of the economy to the Super Bowl and Tiger Woods' golf game....