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Federal Reserve System

The Fed

Five Important Things Federal Reserve Chair Janet Yellen Said to Congress Today

By , Executive Producer, Money Morning - • Print | Email

On Tuesday morning, Federal Reserve Chair Janet Yellen spoke before the House of Representatives in the semiannual Monetary Policy Report. These are her first public comments since assuming the role as head of the U.S. central bank from her predecessor Ben Bernanke on Feb. 3, 2014.

Yellen, who until last week served as Vice Chair of the Fed, testified on the health of the U.S. economy, her commitment to the central bank's ongoing stimulus efforts, and regulatory needs for the financial system. Below are the critical highlights of her testimony, released this morning at 8:30 a.m.

Here are five key takeaways from Yellen's testimony...

The Fed

This Has Been Making Investors Rich for 140 Years

By , Chief Investment Strategist, Money Map Report - • Print | Email

People are viewing the end of stimulus as a sunset. "My, what a wonderful day we've had," they say.

What they should be doing is investing for tomorrow's dawn – the turmoil we're seeing now as part of Yellen's arrival is actually par for the course.

It's also a great time to lock your sights on four companies that will lead the way when the smoke clears…

Top News

FOMC Meeting Today: How the Taper Is Affecting Markets

By , Associate Editor, Money Morning • @KyleAndersonMM - • Print | Email

As many predicted, the Federal Open Market Committee (FOMC) meeting today ended with the announcement of more taper – cutting monthly bond purchases by $10 billion a month to $65 billion.

The U.S. Federal Reserve will reduce its purchases of long-term Treasury bonds from $40 billion a month to $35 billion, and mortgage-backed securities from $35 billion a month to $30 billion. The decision to continue the taper was unanimous among the FOMC’s 10 voting members.

we could be in for some surprises this year...

The Fed

What the Fed Taper Means for Markets and Your Money

By , Chief Investment Strategist, Money Map Report - • Print | Email

I didn't think it would happen, but Fed Chairman Ben Bernanke up and did "it" a few minutes ago.

He announced the "Fed taper" – the Fed will cut its bond buying by $10 billion a month (to $75 billion) beginning in January.

I think there are a few points to consider about Bernanke's move. I want talk briefly about those, and then highlight what this news of a Fed taper means for your money.

To continue reading, please click here...

The Fed

Fed Meeting Today: Five Big Questions Answered

By , Executive Producer, Money Morning - • Print | Email

The Fed meeting today and tomorrow will focus on when to taper the $85 billion monthly bond purchasing program known as quantitative easing (QE).

As Money Morning told you yesterday, a lot of people seem to think the Fed will taper this week because the economy is improving and that the economy is strong enough to handle a reduction in its bond buying.

But like we said, this is a "dangerously popular delusion" – as this chart proves…

And we think the Fed won't be able to take its foot off the gas just yet – especially when doing so in the past has triggered a 10% to 15% drop in the markets.

Here's what you need to know...

The Fed

Janet Yellen's Testimony Didn't Intend to Reveal This Profit Opportunity

By , Money Morning - • Print | Email

Janet Yellen's debut performance yesterday before the Senate Committee on Banking, Housing, and Urban Development may have inadvertently pointed investors toward the best profit opportunities in the continuing financial asset bubble.

The key is a single phrase, one with two meanings that signals where the real money will be made before the bubble goes "pop."

Here's what Janet Yellen said...