Tuesday, 21 November 2017
News with tag Reserve Bank  RSS
Janet Yellen To Leave Fed When She Steps Down As Board Chair

Added: 20.11.2017 22:29 | 6 views | 0 comments

Janet Yellen said Monday she will leave the Federal Reserve bank's board after Jerome Powell replaces her as chairman, CBS News reports. Yellen's four-year term as Fed chair ends on Feb. 3, but she could have chosen to remain on the seven-member Fed board. Her term as a board member would not have ended until January 2024. She announced her resignation in a letter to President Donald Trump."As I prepare to leave the board, I am gratified that the financial system is much stronger than a decade ago, better able to withstand future bouts of instability and continue supporting the economic aspirations of American families and businesses." – Janet Yellen Yellen, 71, was picked by President Obama...

Fed's Kaplan says open-minded about rate hikes ahead

Added: 16.11.2017 20:10 | 5 views | 0 comments

Dallas Federal Reserve Bank President Robert Kaplan on Thursday repeated that he is “actively considering” a possible rate hike at the U.S. central bank’s next policy meeting.

From: feeds.foxbusiness.com

Americans' debt level rises in third quarter

Added: 14.11.2017 17:39 | 11 views | 0 comments

Americans' debt level rose during the third quarter, driven by an increase in mortgage loans, according to a Federal Reserve Bank of New York report published on Tuesday.

From: feeds.reuters.com

Fed may need 'extreme' policy to deal with future shocks: Evans

Added: 14.11.2017 8:18 | 9 views | 0 comments

Chicago Federal Reserve Bank President Charles Evans on Tuesday became the second Fed policymaker in recent days to call for a new approach to rate-setting that would allow the central bank to respond to shocks when interest-rate cuts alone are not enough.

From: feeds.foxbusiness.com

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