Janet Yellen

Breaking News about Janet Yellen:

Income Inequality Is Not the Problem It's Claimed to Be

Oct 21 2014 7:00am CDT | Source: National Center for Policy Analysis

Last Friday, Federal Reserve Chair Janet Yellen addressed economic inequality during a speech to the Federal Reserve Bank of Boston. She told the audience, "The past several decades have seen the most sustained rise in inequality since the 19th century after more than 40 years of narrowing inequality following the Great Depression." Addressing economic inequality, says Diana Furchtgott-Roth, director of Economics21 at the Manhattan Institute ...
Full article at: National Center for Policy Analysis


Hype & Reality: American Economic Numbers

Oct 9 2014 8:12pm CDT | Source: Politics - The Huffington Post

It is mid-term season in America: time for the Administration to talk up the strengths of the economy. The President did so in Evanston a week ago, wanting "people to know that there are some really good things happening in America." The worst of the recession is at last behind us. Since in economic terms, it is also bleak mid-winter in the Eurozone, it is additionally time for a little American triumphalism. The Wall Street Journal reported the IMF forecast t ...
Full article at: Politics - The Huffington Post


Obama Urges Regulators To Tailor Standards For Financial Firms

Oct 6 2014 2:57pm CDT | Source: Politics - The Huffington Post

(Adds details about meeting with Obama and Wall Street regulators) By Sarah N. Lynch WASHINGTON, Oct 6 (Reuters) - President Barack Obama gathered the top U.S. market regulators at the White House on Monday and urged them to look for ways to tailor rules based on financial firms' size and complexity. The White House, in a readout of the meeting, also said Obama pushed t ...
Full article at: Politics - The Huffington Post


Latest stories

US air defence forces on alert after attack on Canadian parliament
Washington, Oct 23 (IANS) Air defence forces were put on high alert and cities across the US increased security after Wednesday's deadly shooting attacks on the Canadian parliament in the capital city of Ottawa. | by IANS
UN envoy calls for peace process in South Sudan
United Nations, Oct 23 (IANS) A UN envoy Wednesday called on the international community to help push for peace talks between warring parties in South Sudan, stressing that "the untold suffering of the people of South Sudan must stop". | by IANS
Obama wishes all Happy Diwali and Saal Mubarak
Washington, Oct 23 (IANS) President Barack Obama has in video message wished a Happy Diwali and "Saal Mubarak" to all those who celebrate the festival of lights saying it was a reminder that light will ultimately prevail. | by IANS

Obama Meets Bank Regulators Over Wall Street Rules

Oct 6 2014 12:00pm CDT | Source: Politics - The Huffington Post

WASHINGTON (AP) — President Barack Obama is meeting with top financial regulators at the White House to discuss progress implementing Wall Street rules. The meeting included Fed Chair Janet Yellen and it comes four years after Obama signed a sweeping overhaul of lending and high-finance rules in the wake of the 2008 banking crisis. Obama a year ago voiced concern about the slow pace with which new rules were being adopted. At the time, regulators ...
Full article at: Politics - The Huffington Post


Celebrate The Falling Unemployment Rate All You Want, But It Ignores A Key Point

Oct 3 2014 11:20am CDT | Source: Politics - The Huffington Post

The decent, steady, but not great jobs recovery just got a little stronger. But there are still a disturbingly large number of people who aren’t feeling the benefits of the recovery. The U.S. economy added 248,000 jobs in September, according to data released by the the Bureau of Labor Statistics on Friday. The unemployment rate fell below 6 percent for the first time since July 2008, dropping to 5.9 percent from 6.1 percent. Yet wages are still going nowhere: Average hourly ...
Full article at: Politics - The Huffington Post


Federal Reserve

Sep 22 2014 8:14am CDT | Source: Politics - The Huffington Post

The Fed's Schizophrenia - by Jerry Jasinowski Last week the Federal Reserve decided to curtail its purchases of securities after October bringing to an end its long experiment with quantitative easing (QE), presumably because it is more bullish on the economy. But the Fed also said it will continue to hold interest rates at zero indefinitely suggesting it is still bearish on the economy. The Fed's economic forecast was in fact marked down ...
Full article at: Politics - The Huffington Post


Yellen doesn't comment on policy at conference on savings

Sep 18 2014 7:49am CDT | Source: Townhall's

WASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen did not comment on the central bank's most recent policy decisio ...
Full article at: Townhall's


Gap Between Richest And The Rest Widened After The Recession: Fed

Sep 4 2014 1:03pm CDT | Source: Politics - The Huffington Post

Sept 4 (Reuters) - The gap between the richest Americans and the rest of the nation widened after the Great Recession, a survey by the Federal Reserve showed on Thursday, suggesting deepening U.S. income inequality. Though incomes of the highest-earners rose, none of the groups analyzed by the Fed had regained their 2007 income levels by 2013, underscoring deep scars from the financial crisis and its aftermath. The data comes from a ...
Full article at: Politics - The Huffington Post


CBO: Debt-interest payments to triple in next decade

Sep 3 2014 4:13pm CDT | Source: WND

NEW YORK – Interest payments on the federal debt will more than triple over the next decade, according to the Congressional Budget Office projected in a report released Wednesday. Federal baseline studies project the total federal debt, estimated at approximately $17.7 trillion, will climb to $20.6 trillion in 2024, with interest payments on the federal debt climbing from $231 billion in 2014 to $799 billion in 2024. The tripling of interest payments on the federal debt a ...
Full article at: WND




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India calls on Israel, Palestine to resume peace process
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