Janet Yellen - updates

Rappler's latest stories on Janet Yellen

ARTICLE FINDER

New leader to take the helm at U.S. Federal Reserve

Feb 04, 2018 - 10:09 AM

Jerome Powell takes over at a remarkably quiet time following a decade of economic turmoil that forced the central bank into uncharted policy waters to try to recover from the global financial crisis

NEW FED CHAIR. In this file photo, Jerome Powell testifies during his confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee November 28, 2017 on Capitol Hill in Washington, DC. Alex Wong/Getty Images/AFP

Fed's Yellen says no risks to stability 'flashing red' as markets boom

Dec 14, 2017 - 7:29 AM

Janet Yellen also did not express much concern about digital currency bitcoin which has seen a meteoric rise in recent weeks

WASHINGTON, DC - DECEMBER 13: Federal Reserve Chair Janet Yellen speaks during her last news conference in office December 13, 2017 in Washington, DC. Yellen announced that the Federal Reserve is raising the interest rates by a quarter point to 1.5%. Alex Wong/Getty Images/AFP

Janet Yellen to depart U.S. Federal Reserve in February

Nov 21, 2017 - 7:00 AM

In her resignation letter to Donald Trump, Yellen said she is pleased by the US economy's continuing recovery from the Great Recession of 2008-2009

STEPPING DOWN. In this file photo, Federal Reserve Board Chair Janet Yellen holds a news conference December 14, 2016 in Washington, DC.  Chip Somodevilla/Getty Images/AFP

U.S. Fed begins two-day meeting as Yellen era appears set to close

Nov 01, 2017 - 8:10 AM

The White House is slated to unveil President Donald Trump's nominee for Fed chair on Thursday, November 2, the day after the meeting concludes

WASHINGTON, DC - DECEMBER 14: Federal Reserve Board Chair Janet Yellen holds a news conference December 14, 2016 in Washington, DC. Chip Somodevilla/Getty Images/AFP

US Fed raises key rate, signals one more hike in 2017

Jun 15, 2017 - 7:13 AM

Federal Reserve Chair Janet Yellen says the move reflects the progress in the world s largest economy which continues to add jobs at a solid pace

FED HQ. The US Federal Reserve building is seen August 1, 2015 in Washington, DC. Karen Bleier/AFP

U.S. Fed: New rate hike likely coming 'soon'

May 25, 2017 - 10:35 AM

Most analysts expect two more rate increases this year likely in June and in September but there are now doubts over that schedule

RATE HIKE. Federal Reserve Board Chair Janet Yellen holds a news conference after the central bank announced an increase in the benchmark interest rate following a Federal Open Market Committee meeting on December 14, 2016 in Washington, DC. File photo by Chip Somodevilla/Getty Images/AFP

U.S. Fed raises benchmark interest rate a quarter point

Mar 16, 2017 - 7:55 AM

But US Federal Reserve Chair Janet Yellen says they have yet to discuss the potential impact of US President Donald Trump s planned tax cuts and infrastructure spending

WASHINGTON, DC - MARCH 15: Federal Reserve Board Chairwoman Janet Yellen holds a news conference following a meeting of the Federal Open Market Committee March 15, 2017 in Washington, DC. Yellen announced that the Fed raised its benchmark interest rate for the third time since the 2009 global financial crisis, earlier than markets anticipated at the beginning of this year. Chip Somodevilla/Getty Images/AFP

With vacancies, Trump gains chance to reshape U.S. Fed

Feb 14, 2017 - 11:08 AM

US President Donald Trump s influence over the US central bank may grow significantly following the resignation of a Federal Reserve governor who helped drive banking regulation following the 2008 financial crisis

The US Federal Reserve building is seen August 1, 2015 in Washington, DC. Karen Bleier/AFP

Citing Trump 'uncertainty,' Fed says faster rate hikes possible

Jan 05, 2017 - 1:05 PM

US President elect Donald Trump s pledge to slash taxes and ramp up infrastructure spending could boost demand above sustainable levels

WASHINGTON, DC - DECEMBER 14: Federal Reserve Board Chair Janet Yellen holds a news conference after the central bank announced an increase in the benchmark interest rate following a Federal Open Market Committee meeting December 14, 2016 in Washington, DC. With unemployment low and concern over inflation on the rise, the central bank decided to raise the federal interest rate by a quarter of a percentage point, moving from 0.25-0.50 percent to a range of 0.50 and 0.75 percent. Chip Somodevilla/Getty Images/AFP

PH peso nears P50 again

Dec 20, 2016 - 8:25 PM

This is its weakest level in over a decade or since closing at P50 12 to 1 on November 16 2006

WEAKEST. This was its weakest level in over a decade or since closing at P50.12 to $1 in Nov. 16, 2006. Rappler file photo

How a Fed rate hike impacts the Philippine economy

Dec 15, 2016 - 12:18 PM

Economists agree that the Philippines may be in for some rough sailing but will ultimately weather the storm

HIT ON THE CHIN. For BPI's lead economist, the 25 basis points hike on December 14 already seems to be priced in.

U.S. Fed raises key interest rate, sees 3 hikes in 2017

Dec 15, 2016 - 7:39 AM

Fed chair Janet Yellen says the rate hike can be seen as a vote of confidence in the US economy

Federal Reserve Board Chair Janet Yellen holds a news conference after the central bank announced an increase in the benchmark interest rate following a Federal Open Market Committee meeting December 14, 2016 in Washington, DC. Chip Somodevilla/Getty Images/AFP

Federal Reserve chief Yellen vows to serve out term as chair

Nov 18, 2016 - 12:37 AM

Yellen adds that under no circumstances would she leave the Federal Reserve before her 4 year term as chair expires at the end of January 2018

JANET YELLEN. Federal Reserve Chair Janet Yellen testifies before the Joint Economic Committee of Congress on Capitol Hill in Washington, DC, November 17, 2016. Photo by Jim Watson/AFP

Trump's victory challenges Fed policy, independence

Nov 10, 2016 - 3:10 PM

Some analysts say a rate increase could again be off the table after Donald Trump won the US presidential election

This combination of file photos shows Federal Reserve Board Chair Janet Yellen(L) and Reuplican presidential nominee Donald Trump. When the US Federal Reserve issues its next interest rate decision on November 2, 2016, the dawn of a bitterly fought presidential election day will be only 136 hours away. Trailing in opinion polls, Republican nominee Donald Trump has lambasted the central bank and accused it of artificially suppressing rates to help President Barack Obama -- a charge Fed Chair Janet Yellen has emphatically denied.  / AFP PHOTO / DESK

US Federal Reserve keeps key interest rate on hold

Sep 22, 2016 - 11:10 PM

Fed Chair Janet Yellen denies that politics is a factor in the decision making of the Federal Open Market Committee

Federal Reserve Chair Janet Yellen speaks during a press conference following the announcement that the Fed will leave rates unchanged, in Washington, DC, September 21, 2016. The Federal Reserve kept its benchmark interest rate unchanged for the sixth straight meeting Wednesday, saying it needs to see more signs of strength in the US economy. / AFP PHOTO / SAUL LOEB

Divided Fed wanted to keep rate 'options open'

Aug 18, 2016 - 11:25 PM

Minutes of the US Federal Reserve s July meeting show inflation is foremost on policy makers minds

(FILES) This file photo taken on August 9, 2011 shows the US Federal Reserve building in Washington, DC.  US Federal Reserve policy makers last month believed risks to the US economy had lessened but wanted to keep their interest rate policy "options open", according to minutes released August 17, 2016. / AFP PHOTO / KAREN BLEIER

Fed leaves rates unchanged but says US economy improving

Jul 28, 2016 - 5:00 PM

There s still the possibility of an increase in the benchmark federal funds rate by December

NEW YORK, NY - JULY 27: American flags are displayed outside the New York Stock Exchange (NYSE) during the evening of July 27, 2016 in New York City. The dollar fell Wednesday as the U.S. Federal Reserve's latest policy statement caused investors to reassess expectations for interest rate increases in the coming months. Kena Betancur/Getty Images/AFP

US economy still tracking 'modest' growth – Fed report

Jul 14, 2016 - 6:00 PM

The outlook was generally positive across broad segments of the economy including retail sales manufacturing and real estate says the US Federal Reserve

epa05344762 US Federal Reserve Chair Janet Yellen (C) attends an open meeting of the Board of Governors of the Federal Reserve System, with Vice Chair Stanley Fischer (L) and Federal Reserve Governor Daniel Tarullo (R); at the Marriner S. Eccles Federal Reserve Board Building, in Washington, DC, USA, 03 June 2016. EPA/MICHAEL REYNOLDS

Fed was divided in June over hiking interest rates soon

Jul 07, 2016 - 1:30 PM

Almost all participants said the weak May labor report led to growing uncertainty according to minutes of the meeting

epa05367807 US Federal Reserve Chair Janet Yellen speaks at a press conference after announcing that the Federal Reserve plans to leave interest rates unchanged in Washington, DC, USA, 15 June 2016. Yellen hinted that the Federal reserve may still increase interest rates on two occasions before the end of the year. EPA/JIM LO SCALZO

Fed keeps interest rate steady as Brexit vote looms

Jun 16, 2016 - 4:35 PM

It is a decision that could have consequences for economic and financial conditions in global financial markets says Janet Yellen about Britain s June 23 referendum

epa05367974 US Federal Reserve Chair Janet Yellen speaks at a press conference after announcing that the Federal Reserve plans to leave interest rates unchanged in Washington, DC, USA, 15 June 2016. Yellen hinted that the Federal reserve may still increase interest rates on two occasions before the end of the year. EPA/JIM LO SCALZO

Fed Chair Yellen says poor US jobs report 'concerning'

Jun 07, 2016 - 2:15 PM

But Yellen also says the overall labor market situation is quite positive

PHILADELPHIA, PA - JUNE 6: Federal Reserve Chair Janet Yellen arrives for her speech on economic outlook and monetary policy on June 6, 2016 in Philadelphia, Pennsylvania. Today is the last time Ms. Yellen will speak publicly before the blackout period preceding the Federal Open Market Committee meeting on June 15, 2016. Jessica Kourkounis/Getty Images/AFP

Fed minutes: Door still open for a June rate hike

May 19, 2016 - 3:00 PM

US central bank policymakers are unexpectedly open to a rate hike in June

epa05288807 Chair of the Board of Governors of the Federal Reserve System Janet Yellen, with Vice Chairman Stanley Fischer (L) and Governor Daniel Tarullo (R), participates in a meeting 'to discuss a proposed rule to establish the Net Stable Funding Ratio, as well as a proposed rule establishing restrictions on qualified financial contracts of systemically important banking organizations.' at the Federal Reserve in Washington, DC, USA, 03 May 2016. EPA/SHAWN THEW

Fed frets less over world economy; June rate hike odds rise

Apr 28, 2016 - 3:35 PM

The Federal Open Market Committee simply says it will closely monitor inflation indicators and global economic and financial developments

NEW YORK, NY - APRIL 27: Traders work on the floor of the New York Stock Exchange (NYSE) on April 27, 2016 in New York, New York. In a not unexpected move, Federal Reserve officials left short-term interest rates unchanged Wednesday citing lingering concerns about low inflation and global economic developments. Spencer Platt/Getty Images/AFP

Yellen confident in US growth but stresses 'gradual' rate hikes

Mar 30, 2016 - 1:55 PM

Federal Reserve Chair Janet Yellen says the US economy is remarkably resilient but there are broader concerns about global financial developments

NEW YORK, NY - MARCH 29: Federal Reserve Board Chairwoman, Janet Yellen speaks at the Economic Club of New York on March 29, 2016 in New York City. Due to an easing of domestic financial conditions, Yellen said that growth in the United States economy remained on track. Spencer Platt/Getty Images/AFP

Feeling global slowdown, Fed keeps interest rate unchanged

Mar 17, 2016 - 2:25 PM

The Federal Open Market Committee expects the US economy to grow only 2 2 in 2016

epa05214765 Chair of the US Federal Reserve Janet Yellen responds to a question from the news media during a press conference at the Federal Reserve in Washington, DC, USA, 16 March 2016. The press conference comes at the conclusion of a two-day meeting of the Federal Open Market Committee (FOMC), led by Fed Chair Yellen. EPA/SHAWN THEW

Strong US, weak world picture challenges Federal Reserve

Mar 13, 2016 - 11:44 AM

The Fed is expected to heed caution even as it sees good signs of strength in the US economy

A file photograph dated January 22, 2008 showing The US Federal Reserve building in Washington, DC USA. Matthew Cavanaugh/EPA

The Fed kembali pertahankan tingkat suku bunga acuan

Oct 29, 2015 - 2:19 AM

Untuk mendukung tingkat penyerapan tenaga kerja yang maksimum dan terciptanya stabilitas harga tingkat federal funds rate saat ini masih sesuai

TAHAN SUKU BUNGA. Gubernur Bank Sentral Amerika Serikat atau The Fed, Janet Yellen. The Fed memutuskan untuk mempertahankan tingkat suku bunga acuan mereka dalam FOMC Meeting yang berlangsung pada 27-28 Oktober 2015. Foto oleh Jim Lo Scalzo/EPA

PH economy entering a 'new normal' - analyst

Sep 09, 2015 - 7:00 PM

The new normal GDP rate is seen at 5 to 6 tempered by weak government spending and net exports

NEW NORMAL. BPI Trade's Michaelangelo Oyson says that the consumer-led Philippine economy "can only grow 6% [and up] if the government spends a lot of money" to counter the underspending at present

BSP ready to step in if China slowdown heightens

Jul 20, 2015 - 12:38 AM

The central bank is confident that the economy will withstand the slowdown having faced similar pressures last year

GOING DOWN. A stock investor sits in front of an electronic screen showing stock price at a brokerage house in Beijing, China on July 6. File Photo/EPA Wu Hong

Inequality near highest levels in 100 years: Yellen

Oct 17, 2014 - 9:09 PM

The US Federal Reserve chief says wide wealth disparities can make it harder for the poor to move up the income ladder

INEQUALITY. US Federal Reserve chief Janet Yellen says "income and wealth inequality are near their highest levels in the past hundred years" and have widened during the economic recovery. Photo by LeAnne Jazul

US economy grew at robust 4.2% pace in 2nd quarter

Aug 28, 2014 - 9:52 PM

The 4 2 annual pace in the April June period followed a 2 1 contraction in the first quarter

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Merkel tops Forbes 'powerful women' list

May 28, 2014 - 10:43 PM

Forbes has named Merkel the most powerful woman nine times

MOST POWERFUL WOMAN. German Chancellor Angela Merkel topped this year's Forbes's list of the world's most powerful women. Photo by Clemens Bilan/AFP

Yellen: US economy looking healthy after winter freeze

May 08, 2014 - 11:51 AM

But with housing recovery slowing and unemployment still elevated the economy still needs high degree of monetary support

A view of the White House in Washington, DC. AFP PHOTO/Brendan SMIALOWSKI

Yellen confounds in first policy announcement

Mar 21, 2014 - 10:18 AM

Did Janet Yellen bungle her first press conference? Or did the Federal Reserve s brand new chair mean it when she appeared to speed up the timeline for a crucial hike in short term interest rates?

FIRST WOMAN FED CHAIR. The US Senate confirmed Federal Reserve vice chair Janet Yellen to be the new head of the US central bank on January 6, 2014. AFP PHOTO/ Files / Brendan SMIALOWSKI

Asian shares broadly up, Qantas dives on huge net loss

Feb 27, 2014 - 1:39 PM

While most Asian markets rose Australia s main index was hit by a slump in Qantas shares following a restructuring and slashing of 5 000 jobs

RISE AND FALL. While most Asian shares went up, Australia's market dove following Qantas' slashing of 5,000 jobs. Photo from Qantas website

Yellen set for baptism of fire at year's first G20

Feb 19, 2014 - 10:36 AM

The G20 holds its first meeting of the year this weekend with new Fed chief Janet Yellen in the hot seat as emerging economies suffer the side effects of the US central bank s exit from a mammoth stimulus spree

FIRST WOMAN FED CHAIR. The US Senate confirmed Federal Reserve vice chair Janet Yellen to be the new head of the US central bank on January 6, 2014. AFP PHOTO/ Files / Brendan SMIALOWSKI

Rappler Newscast | January 7, 2014

Jan 07, 2014 - 10:23 PM

December inflation highest in 2 years The DOH prepares for mass immunization following a measles outbreak Yellen is the US Fed’s first woman leader

Janet Yellen: World's most powerful central banker

Jan 07, 2014 - 8:27 AM

When nominating her in October President Barack Obama called her exceptionally qualified for what he said was one of the most important jobs in the world

FIRST WOMAN FED CHAIR. The US Senate confirmed Federal Reserve vice chair Janet Yellen to be the new head of the US central bank on January 6, 2014. AFP PHOTO/ Files / Brendan SMIALOWSKI

Senate confirms Yellen as US Fed chair

Jan 07, 2014 - 7:11 AM

President Barack Obama s nominee earned bipartisan support in the bitterly divided chamber

NEW FED CHAIR. In this file photo, Federal Reserve Vice Chairwoman Janet Yellen attends an event to commemorate the 100th anniversary of the signing of the Federal Reserve Act in Washington, DC, USA, 16 December 2013. Jim Lo Scalzo/EPA

Fed nominee Yellen passes key Senate hurdle

Nov 22, 2013 - 7:13 AM

Yellen earns the endorsement of the Senate Banking Committee

NEXT FED CHAIR. A file photo dated 10 October 2012 showing Janet Yellen, Vice Chair of the US Federal Reserve System, during the International Monetary Fund (IMF) and the World Bank Annual Meetings in Tokyo, Japan. EPA/Franck Robichon

Fed expected to hold tight on stimulus after shutdown

Oct 26, 2013 - 3:27 PM

An analyst says the earliest date for the Fed tapering is likely to be March but June is a better bet

MONETARY STRATEGY. US Federal Reserve, chaired by Ben Bernanke, decides to keep interest rates?

Obama chooses 'exceptionally qualified' Yellen for Fed

Oct 10, 2013 - 7:02 AM

The nomination of a new Fed chair comes amid widespread concern that its path toward exiting its easy money policies could send economic shivers around the globe

NEXT FED CHAIR. A file photo dated 10 October 2012 showing Janet Yellen, Vice Chair of the US Federal Reserve System, during the International Monetary Fund (IMF) and the World Bank Annual Meetings in Tokyo, Japan. EPA/Franck Robichon

Obama to nominate Yellen as US Fed chief

Oct 09, 2013 - 7:23 AM

UPDATED Obama will put forward Yellen for a four year term at a White House event to be attended by outgoing Fed Chairman Ben Bernanke

NEXT FED CHAIR? A file photo dated 10 October 2012 showing Janet Yellen, Vice Chair of the US Federal Reserve System, during the International Monetary Fund (IMF) and the World Bank Annual Meetings in Tokyo, Japan. EPA/Franck Robichon

Summers rises as Obama pick to head Fed

Sep 11, 2013 - 9:14 AM

Larry Summers former chief economic adviser to President Barack Obama appears increasingly likely to be his choice to succeed Ben Bernanke as Federal Reserve chief

CHOICE FED CHIEF? Larry Summers rises as Obama's pick to head the US Fed. File photo by AFP

Summers, Yellen on shortlist for new Fed chief - Obama

Aug 16, 2013 - 11:16 AM

President Obama mulls who will lead the Federal Reserve after Ben Bernanke leaves in January

BEN BENANKE. President Obama mulls who will lead the Federal Reserve after he leaves in January. File photo by AFP

Bernanke successor pick likely in fall

Jul 27, 2013 - 12:17 PM

Recent buzz on who will replace Fed chair Ben Bernanke include Larry Summers Janet Yellen Timothy Geithner and Donald Kohn

SUCCESSOR. Who will replace Federal Reserve Chairman Ben Bernanke? File photo by AFP