The Fed appears on track for its first rate hike in nearly a decade as fresh figures showed the US logging another month of robust job growth. But Chairwoman Janet Yellen warns against reading too much into the Report. Non-farm payrolls increased a seasonally adjusted 211,000 in November, the US Labor Department said on Friday, …
Federal Reserve chief Janet Yellen has warned Congress against passing a law that would require interest rates to be set based on a mathematical rule. Legislators just don’t know enough about the economy, she said. After American legislators from both parties called for the Fed to be subject to tighter controls, Yellen on Tuesday wrote …
Fed Chair Janet Yellen told lawmakers the US economy is “performing well” and a December rate hike could be justified. But she reiterated that the central bank’s monetary policy committee had not made a decision yet. Federal Reserve Chair Janet Yellen said a rate hike in December was a “live” possibility, but not a certainty. …
The Fed continues to hold off on turning around interest rates. The decision is the right one because it is based on economic reality and it helps many emerging economies, DW’s Andreas Rostek writes. In German, the phrase “afraid of their own courage” is used for people who hold back when they could probably do …
