Janet Yellen gave her first speech on monetary policy today (Wednesday) since assuming her position as chair of the U.S. Federal Reserve on Feb. 3, 2014.
While cautioning that the economy still needs the central bank's support, Yellen stated that the nation's economic recovery will be nearing completion within two years.Get the full text of Janet Yellen's speech here.
Federal Reserve 2014
The Five Most Ridiculous Revelations from the Fed Hearings
On Friday, the U.S. Federal Reserve released the transcripts from its vital meetings over the state of the U.S. economy from 2007 through 2009.
The transcripts provide a staggering glimpse into the world of a central bank in crisis, or at least the inability for all parties concerned to grasp the problems at hand.
Here are the five most ridiculous takeaways from the Fed Reports.To continue reading, please click here...
- Five Important Things Federal Reserve Chair Janet Yellen Said to Congress Today When freshly installed Fed Chair Janet Yellen went before Congress yesterday, she mostly followed the script written by her predecessor, Ben Bernanke. But now that she's in charge, everything she says will carry a great deal of weight. Here are five key takeaways from Yellen's testimony...
Today's Stock Market News and Earnings Calendar
Today's stock market news, Feb. 10, 2014: The markets recovered last week after a choppy start to February trading. On Thursday and Friday, the markets dismissed disappointing unemployment numbers and tepid economic data. The S&P 500 increased 2.6% over the two days.To continue reading, please click here...
- FOMC Meeting Today: How the Taper Is Affecting Markets The Federal Reserve went forward with its taper plans yesterday, announcing it would reduce its bond-buying by $10 billion per month. But that is no guarantee the Fed will continue to taper, especially if the economy falters. And now that the Fed has a new chief in Janet Yellen, we could be in for some surprises this year...
This Chart Will Save You from a Dangerously Popular Delusion
There's a very dangerous meme making the rounds.
It goes something like this:
The economy is improving, therefore the Fed's going to taper... and, when it does, the economy is strong enough to endure the withdrawals that will come with it.
Don't fall for it.
Nothing could be farther from the truth. Any amount of stimulus reduction will indeed trigger a "taper tantrum."
This chart is all the proof we need...
- Janet Yellen as the Next Fed Chair: What That Means for Markets, Economy Now that President Obama has officially nominated Janet Yellen to be the next Fed chair, there are a few things you should know about her. For instance, she was the overwhelming choice of both Congressional Democrats and Wall Street bankers. Get ready for this: Wall Street will love Janet Yellen even more than Helicopter Ben...