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Added on the 23/06/2016 00:22:17 - Copyright : Reuters EN
Global risks and hiring slowdown in the United States warrant a cautious approach to raising interest rates, says Fed Chair Janet Yellen. Bobbi Rebell reports.
Fed Chair Janet Yellen says global risks and a U.S. hiring slowdown warrant a cautious approach to raising interest rates. Rough Cut (no reporter narration).
Federal Reserve Chair Janet Yellen says the Brexit vote was a factor in the decision to leave U.S. interest rates unchanged. Rough Cut (no reporter narration).
President-elect Joe Biden is planning to nominate Janet Yellen to head the Treasury Department. Business Insider reports if the US Senate confirms Yellen, she will be the first woman to hold the job. Yellen served as Fed Chair during President Barack Obama's second term, from 2014 to 2017. President Donald Trump replaced her with Jerome Powell as head of the Fed. If confirmed, Yellen will face an immense set of challenges, including the pandemic, unemployment, and widespread housing and food insecurity. With both parties fiercely divided on its size and reach for months, Congress still hasn't approved a second coronavirus economic aid package.
Former chair of the US Federal Reserve Janet Yellen is on the same page as current Fed chair Jay Powell. Markets Insider reports Yellen echoes Powell, in that the Fed has 'already done a huge amount,' and now it's time for the US Congress to start pulling its weight. While the pandemic is still seriously affecting the economy, we need to continue extraordinary fiscal support. Janet Yellen Former Chair, US Federal Reserve Furthermore, Markets Insider reports Yellen told Bloomberg News she wants to see the US make a 'more effective effort' at fighting the pandemic. After all, she added, Germany, Korea, and China have all been successful in doing so.
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