Janet Yellen

At 10:15 this morning, Federal Reserve Chairman Jerome Powell had a joint discussion with former Chair Janet Yellen and former Chairman Ben Bernanke at the American Economic Association and Allied Social Science Association 2019 Annual…

There is a lot of economic and political uncertainty swirling around the global economy right now. And, judging by many of the headlines, you would think we're on the verge of recession. I don't believe that's the case. Instead, I believe…

The state of the nation is as good as it is going to get during this business cycle — at least from an economic perspective. On that, we should be a lot more interested in what Janet Yellen has to say in her last FOMC press conference.

The biggest takeaway from Chair Yellen’s press conference was her belief that there is “reason to think the relationship between the slope of the yield curve and the business cycle may have changed.” To me, this suggests that some Fed…

Two notable events regarding stock and bond markets have occurred in the last twenty-four hours. One is comments from Fed Chair Janet Yellen that suggest she sees U.S. equity prices as elevated. The second is a wide-spread backup in yields…

This post is a riff on a Paul Krugman post he titled “Partying Like It’s 1995”. I cam across Krugman’s post via Stephen WIlliamson, who makes some valid points about the Fed’s raising rates in 1994 that bear noting.

So finally we get to see what the Yellen Fed is all about. And it is not as dovish as people thought it would be.While the noises Yellen made concerning the jobs market came across as dovish, behind the scenes a more hawkish tone has…

By Marc Chandler There has been sharp rise in US interest rates and the dollar in the immediate response to the Federal Reserve's statement. The key it seemed was the expectation that federal funds would be at 1% at the end of next year.…

Yesterday, the FOMC decided to reduce the pace of its large scale asset purchase program from $85 billion per month to $75 billion per month. The Fed has long wanted to taper its LSAP program and move to forward guidance to normalize policy…

Fed Chair nominee Janet Yellen believes that the Fed will keep rates at zero long after the 6.5 unemployment threshold, according to news reports. Yellen made the comments responding to an inquiry by Massachusetts Senator Elizabeth Warren…