Janet Yellen Archive

U.S. dollar backs off as investors dubious over Dec. U.S. rate rise

Source photo The U.S. dollar’s rising momentum eased on Thursday in Asia as market participants calibrated odds of a Federal Reserve rate increase this year. The suggestion by several Fed officials that the U.S. central bank may start raising rates in December has fueled dollar-buying in recent sessions. Fed Chairwoman Janet Yellen said Wednesday a [&hellip

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Yellen, consensus-builder, needs to send strong signal at Fed meet

Federal Reserve Chair Janet Yellen, praised as an adept listener and consensus builder, may need to adopt a stronger tone at this week’s policy meeting if she expects to keep a December interest rate rise in play. Yellen’s inclusive style has been tested recently by two fellow governors who publicly appeared to disagree with her [&hellip

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The Fed: Fed’s Brainard joins the doves

Federal Reserve governor Lael Brainard stepped out of the shadow of Fed Chairwoman Janet Yellen Monday and urged the central bank not to hike rates prematurely. In a speech at the National Association for Business Economics, Brainard said that the risks to the U.S. economy are now to the downside and that it is important [&hellip

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Market Snapshot: Dow jumps triple digits after Yellen’s hawkish speech

U.S. stocks were sharply higher Friday, boosted by Federal Reserve Chairwoman Janet Yellen’s signal late Thursday that the economy is strengthening and an interest-rate hike is likely before the end of the year. Revised data on second-quarter U.S. growth appeared to underline that view. Data showed that the economy grew faster than first estimated, driven [&hellip

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