Janet Yellen - the best personalized free web-based Email en en Janet Yellen Yellen says women still face challenges in workplace PROVIDENCE, Rhode Island (AP) — Federal Reserve Chair Janet Yellen said Friday that women have made major strides in the workplace in the past 125 years, but she expressed concern about barriers that are still holding women back today. In a speech at Brown University, Yellen cited a recent study that showed that boosting the participation rate of women in... Fri, 05 May 2017 22:28:00 GMT 2017-05-05T22:28:00Z US productivity posts sharpest fall in a year WASHINGTON (AP) — The productivity of American workers fell in the first quarter by the sharpest amount in a year, while labor costs increased. Productivity declined at an annual rate of 0.6 percent in the January-March quarter after rising at a 1.8 percent rate in the fourth quarter, the Labor Department reported Thursday. It was the biggest decline since a 0.7 percent rate... Thu, 04 May 2017 13:15:00 GMT 2017-05-04T13:15:00Z Fed leaves rates unchanged but signals further hikes ahead WASHINGTON (AP) — The Federal Reserve has left its benchmark interest rate at a still-low level near 1 percent while signaling that it expects a resilient U.S. economy and solid job market to justify higher rates later this year. A statement the Fed issued Wednesday after its latest policy meeting noted that the economy slowed sharply during the January-M... Wed, 03 May 2017 19:46:00 GMT 2017-05-03T19:46:00Z Leaders of IMF and World Bank defend globalization WASHINGTON (AP) — World finance leaders on Thursday defended globalization against an assault from President Donald Trump and European populists. They argued that blocking free trade would hobble economic growth instead of saving jobs from foreign competition. World Bank President Jim Yong Kim told journalists that freer trade and more openness were "crit... Thu, 20 Apr 2017 21:56:00 GMT 2017-04-20T21:56:00Z Trump, Xi converge on currency, Syria as US-China ties warm WASHINGTON (AP) — The United States and China have struck what appears to be an unusual bargain as President Donald Trump says he won't label Beijing a currency manipulator and voices confidence Chinese President Xi Jinping will help him deal with North Korea's mounting threat. Another result of the diplomatic wrangling: a surprising Chinese abstention on... Thu, 13 Apr 2017 10:14:00 GMT 2017-04-13T10:14:00Z Trump says China won't be labeled a currency manipulator WASHINGTON (AP) — Backing away from a campaign pledge, President Donald Trump said Wednesday that his administration won't label China a currency manipulator in a report due this week, though he does think the U.S. dollar "is getting too strong." Trump also said in an interview at the White House with The Wall Street Journal that he would prefer that the ... Wed, 12 Apr 2017 20:48:00 GMT 2017-04-12T20:48:00Z Fed Chair Yellen says economy close to achieving Fed goals ANN ARBOR, Michigan (AP) — Federal Reserve Chair Janet Yellen said Monday that the central bank is close to achieving its goals on employment and inflation. Her remarks could be seen as providing support for gradual increases in interest rates. While expressing satisfaction with how the economy is performing, Yellen did voice concerns about moves in Congr... Mon, 10 Apr 2017 23:00:00 GMT 2017-04-10T23:00:00Z Trump chooses key economics adviser WASHINGTON (AP) — President Donald Trump chose Kevin Hassett, an economics adviser to past Republican presidential candidates, on Friday to be chair of the White House Council of Economic Advisers. Hassett will play a critical role in analyzing the performance of the economy and impact of policy changes. Hassett is the research director for domestic polic... Fri, 07 Apr 2017 22:01:00 GMT 2017-04-07T22:01:00Z Richmond Fed head resigns, admits improper discussions WASHINGTON (AP) — Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, announced Tuesday that he was resigning effective immediately after acknowledging improper discussions with a financial analyst that later became the subject of a lengthy investigation into leaks at the Fed. In a statement, Lacker said that in October 2012 he spoke to an ... Tue, 04 Apr 2017 22:38:00 GMT 2017-04-04T22:38:00Z Yellen: Banks play vital economic role in poor communities WASHINGTON (AP) — Federal Reserve Chair Janet Yellen said Tuesday that U.S. banks must do all they can to promote economic development in low-income areas where high unemployment has persisted despite the overall job market's significant gains. Yellen told community development groups that banks are needed not just to provide home mortgages in low- and mo... Tue, 28 Mar 2017 18:12:00 GMT 2017-03-28T18:12:00Z Yellen says problems of childhood poverty linger WASHINGTON (AP) — A new Federal Reserve survey has found that children who grew up in poverty were twice as likely to struggle with financial challenges later in life, Fed Chair Janet Yellen said Thursday. The survey showed that more than half of young people age 25 to 39 who reported that as children they worried over things like having enough food were ... Thu, 23 Mar 2017 17:11:00 GMT 2017-03-23T17:11:00Z US employers posted more jobs in January and quitting jumped WASHINGTON (AP) — Employers posted more open positions in January compared with December and the number of Americans quitting jumped, trends that could push up wages. Job openings rose 1.6 percent in January to a seasonally adjusted 5.6 million, the Labor Department said Thursday . While healthy, openings have fallen 1.5 percent year over year. ... Thu, 16 Mar 2017 15:20:00 GMT 2017-03-16T15:20:00Z The Latest: Yellen says Fed waiting to see Trump's program NEW YORK (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): 3:15 p.m. Federal Reserve Chair Janet Yellen says Federal Reserve officials have not had a detailed discussion yet about the possible economic impacts of President Donald Trump's economic program. She sa... Wed, 15 Mar 2017 19:58:00 GMT 2017-03-15T19:58:00Z Wholesale prices up just 0.3 percent in February WASHINGTON (AP) — Inflation at the wholesale level rose at just half the rate in February as the previous month, as a surge in energy prices slowed. The Labor Department said Tuesday that its producer price index, which measures inflation pressures before they reach consumers, increased 0.3 percent in February following a 0.6 percent rise in January. ... Tue, 14 Mar 2017 13:41:00 GMT 2017-03-14T13:41:00Z Global stocks eke out modest gains at start of busy week LONDON (AP) — European stock markets eked out some modest gains Monday after a strong U.S. jobs report helped Wall Street end last week on a high note. However a welter of potential "event risks" this week kept sentiment in check. KEEPING SCORE: In Europe, Germany's DAX rose 0.2 percent to 11,985 while the CAC 40 in France added 0.2 percent to 5,002. Brit... Mon, 13 Mar 2017 13:03:00 GMT 2017-03-13T13:03:00Z Average US 30-year mortgage rate rises to year-high 4.21 pct WASHINGTON (AP) — Long-term U.S. mortgage rates rose this week, marking new highs for the year. An increase in a key interest rate is expected by the Federal Reserve next week, propelled by signs of strength in the economy. Mortgage buyer Freddie Mac said Thursday the rate on 30-year, fixed-rate loans climbed to 4.21 percent from 4.10 percent last week. T... Thu, 09 Mar 2017 16:43:00 GMT 2017-03-09T16:43:00Z Yellen signals the Fed will likely raise rates this month WASHINGTON (AP) — Federal Reserve Chair Janet Yellen signaled Friday that the Fed will likely resume raising interest rates later this month to reflect a strengthening job market and inflation edging toward the central bank's 2 percent target. Yellen also said in a speech in Chicago that the Fed expects steady economic improvement to justify additional ra... Fri, 03 Mar 2017 23:42:00 GMT 2017-03-03T23:42:00Z Banks, health care companies lead stocks slightly higher A late wave of buying helped nudge U.S. stock indexes slightly higher Friday after a day of mostly listless trading. Banks and health care stocks climbed the most as investors priced in an increasing likelihood that interest rates will rise in the coming months. Federal Reserve Chair Janet Yellen helped stoke those expectations in a spe... Fri, 03 Mar 2017 22:08:00 GMT 2017-03-03T22:08:00Z Yellen to speak after Fed officials hint rate hike is near WASHINGTON (AP) — One by one, several Federal Reserve officials have signaled in recent days that the Fed is ready to resume raising interest rates as soon as this month. The question is whether the official who matters most — Chair Janet Yellen — will add her own voice to that impression. When Yellen speaks Friday in Chicago on the topic of the Fed's eco... Fri, 03 Mar 2017 11:43:00 GMT 2017-03-03T11:43:00Z Asian shares lower as investors await Fed chair's speech SEOUL, South Korea (AP) — Asian shares slipped Friday as investors awaited a speech by Federal Reserve chair Janet Yellen later in the day. South Korea's Kospi fell 1.1 percent on worries that deployment of a U.S. missile defense system will hurt ties with China, its largest trading partner. KEEPING SCORE: Japan's Nikkei 225 index fell 0.5 percent to 19,4... Fri, 03 Mar 2017 08:11:00 GMT 2017-03-03T08:11:00Z Fed board member Powell says March rate hike possible WASHINGTON (AP) — A Federal Reserve board member on Thursday added his voice to a growing group of Fed officials who are indicating that they may raise rates in March. Fed board member Jerome Powell said in a CNBC interview that he believed the Fed was close to achieving its targets on full employment and 2 percent inflation. "I think t... Thu, 02 Mar 2017 21:23:00 GMT 2017-03-02T21:23:00Z Fed survey finds economy growing at moderate pace WASHINGTON (AP) — The Federal Reserve said Wednesday that the U.S. economy has been growing at a moderate pace, helped by sustained gains in consumer spending. In its latest survey of economic conditions around the country, the Fed found that the Fed's 12 regional banks all depicted growth as either "modest or moderate" from January through mid-February. ... Wed, 01 Mar 2017 19:18:00 GMT 2017-03-01T19:18:00Z Claims for US jobless benefits tick up, level still healthy WASHINGTON (AP) — More Americans applied for unemployment benefits last week, but claims remained at a low level consistent with a healthy job market. THE NUMBERS: The Labor Department said Thursday that 244,000 Americans applied for jobless aid last week, up by 6,000 from the previous week. The four-week average, a less volatile measure, fell by 4,000 to 241,000, lowest sin... Thu, 23 Feb 2017 15:31:00 GMT 2017-02-23T15:31:00Z Asian shares dip as Fed minutes show rate hike expected soon HONG KONG (AP) — Asian shares slipped Thursday after the latest Fed minutes raised the possibility that a U.S. rate hike could come sooner than expected. KEEPING SCORE: Japan's benchmark Nikkei 225 lost 0.3 percent to 19,315.11 and South Korea's Kospi was flat at 2,106.22. Hong Kong's Hang Seng shed 0.3 percent to 24,117.18 and the Shanghai Composite index in mainland China ... Thu, 23 Feb 2017 06:06:00 GMT 2017-02-23T06:06:00Z Fed officials discussed possible rate hike 'fairly soon' WASHINGTON (AP) — Federal Reserve officials earlier this month discussed the need to raise a key interest rate again "fairly soon," especially if the economy remains strong. Minutes of the discussions in minutes released Wednesday showed that while Fed officials decided to keep a key rate unchanged at their Jan. 31-Feb. 1 meeting, there was growing concern about inflation if... Wed, 22 Feb 2017 20:54:00 GMT 2017-02-22T20:54:00Z Asian stocks mixed as investors await Fed meeting minutes SEOUL, South Korea (AP) — Asian stock markets were mixed with subdued movements on Wednesday, getting little push from the Wall Street's record high overnight, as investors awaited the Fed's latest meeting minutes due later in the day for clues about the U.S. central bank's views on interest rates. KEEPING SCORE: Japan's Nikkei 225 fell 0.2 percent to 19,... Wed, 22 Feb 2017 03:22:00 GMT 2017-02-22T03:22:00Z Asian shares mixed as investors await Fed, company earnings HONG KONG (AP) — Asian stocks were mixed in early trading Monday as investors looked for fresh leads while they awaited economic and corporate earnings reports and Fed meeting minutes due out this week. KEEPING SCORE: Japan's benchmark Nikkei 225 index lost 0.1 percent to 19,207.30 and South Korea's Kospi dipped 0.1 percent to 2,078.08. Hong Kong's Hang S... Mon, 20 Feb 2017 03:17:00 GMT 2017-02-20T03:17:00Z Applications for unemployment benefits edge up 5,000 WASHINGTON (AP) — The number of Americans filing for unemployment benefits rose slightly last week but still remained at a level indicating a healthy job market. THE NUMBERS: Claims for unemployment benefits rose by 5,000 last week to a seasonally adjusted 239,000, the Labor Department reported Thursday. The increase came after claims had dropped to 234,000 the previous week... Thu, 16 Feb 2017 13:54:00 GMT 2017-02-16T13:54:00Z Yellen defends Fed independence, banking regulations WASHINGTON (AP) — Federal Reserve Chair Janet Yellen defended the central bank's independence Wednesday from Republican lawmakers who are pushing for major changes in how the central bank operates and how regulators oversee the nation's banking system. During a hearing that stretched over four hours, GOP lawmakers repeatedly challenged Yellen's handling o... Wed, 15 Feb 2017 21:43:00 GMT 2017-02-15T21:43:00Z The Latest: Yellen opposes limits to Fed independence WASHINGTON (AP) — The Latest on Federal Reserve Chair Janet Yellen's testimony to the House Financial Services Committee (all times local): 1 p.m. For a number of years, Republican House members have been pushing legislation that would impose limits on the independence of the Federal Reserve in various ways. These in... Wed, 15 Feb 2017 18:16:00 GMT 2017-02-15T18:16:00Z