Federal Reserve Chair Janet Yellen’s 3,600-word speech at an economic symposium in Jackson Hole, Wyoming, today set the stage for shifting gears in monetary policy in the months ahead. The pivot would come after years of keeping interest rates at record-low levels. Trillions of dollars in asset purchases are expected to end in October. Yellen
Some Fed policymakers are getting itchier to raise rates as the economy moves “Closer to Fine.”
Even though the Federal Reserve chopped its 2014 growth outlook, Chair Janet Yellen is sticking to the central bank’s playbook.
The Fed giveth and the Fed taketh away. Say bye-bye to another $10 billion per month in stimulus.
This week brings a reading of the consumer’s pulse and an anniversary for the computer.
The Federal Reserve’s asset purchases shrink in the face of a stabilizing U.S. economy.
It’s still mostly quiet on the inflation front, and that’s not necessarily a good thing.
The arrival of spring weather is accompanied by a lukewarm slate of economic readings.
This week’s economic news will be led by Janet Yellen’s debut running a Fed meeting.
The best way to run out of money is to ignore the impact of inflation.