Federal Reserve News: Who Is Janet Yellen?
Janet Yellen to become new head of the Federal Reserve
President Obama will announce that Janet Yellen is to take over at the top of the US central bank, the Federal Reserve. Yellen will start a four-year term in January and becomes the first woman to run the organisation. Markets in the US continue to suffer as worries mount over the looming deadline to raise the debt ceiling. In company news, we have a report on the giant of the telecom equipment sector, Huawei. Staying in China, Yum Brands reports a 68% drop in quarterly profits. In Europe, steelmaker Arcelor Mittal says it plans to invest €92 million at a site in Dunkirk and tension is increasing for the struggling Italian airline Alitalia. Here in France, French company bosses have called on President Hollande to ease the current tax regime.
By Annu| 356 views
White House to Nominate Janet Yellen to Head Federal Reserve
President Barack Obama will announce Wednesday afternoon that Janet Yellen is his choice to head the Federal Reserve, a White House official confirmed to TIME.
Yellen, currently the vice chairwoman at the Fed, has been seen as Obama’s top choice since soon after former economic adviser Larry Summers withdrew his name from consideration for the role. She is considered a strong supporter of current chair Ben Bernanke’s stimulus policies, which have coincided with a soaring stock market, and is largely expected to extend them.
Obama will announce his decision to nominate Yellen at the White House at 3 p.m. Wednesday, joined by Yellen and Bernanke, according to the White House offical. Yellen’s nomination must still be confirmed by the Senate.By Annu| 353 views
Barack Obama to nominate Janet Yellen as chairman of Federal Reserve
Barack Obama will nominate Federal Reserve vice chair Janet Yellen to succeed Ben Bernanke as chairman of the US central bank, the White House has announced.
Mrs Yellen would be the first woman to head the powerful Fed, taking over at a pivotal time for the economy and the banking industry.
Both Mrs Yellen and Mr Bernanke are scheduled to appear with Mr Obama at the White House on Wednesday for a formal announcement.
Mr Bernanke's term ends in January, completing a remarkable eight-year tenure in which he helped pull the US economy out of the worst financial crisis and recession since the 1930s.
Under Mr Bernanke's leadership, the Fed created extraordinary programs after the financial crisis erupted in 2008. It lent money to banks after credit markets froze, cut its key short-term interest rate to near zero and bought trillions in bonds to lower long-term borrowing rates.
Those programs are credited with helping save the US banking system.
Mrs Yellen emerged as the leading candidate after Lawrence Summers, a former Treasury secretary whom Mr Obama was thought to favour, withdrew from consideration last month in the face of rising opposition.
Mrs Yellen, 67, would likely continue steering Fed policy in the same direction as Mr Bernanke. A close ally of the chairman, she has been a key architect of the Fed's efforts under Mr Bernanke to keep interest rates near record lows to support the economy.By Annu| 342 views
Yellen Confirmed to Chair Federal Reserve
The Senate confirmed Janet Yellen as the first woman to lead the Federal Reserve, elevating an advocate of fighting unemployment and a backer of the central bank's efforts to spur the economy with low interest rates and massive bond purchases.
By Nidhi| 2067 views
Everything You Need to Know About Janet Yellen
Oct. 9 - Television's Erik Schatzker examines the career of Janet Yellen, President Obama's nominee to be Fed Chairman.
By Annu| 538 views
Obama to nominate Janet Yellen as Bernanke successor
President Barack Obama will nominate Federal Reserve vice chair Janet Yellen to succeed Ben Bernanke as chairman of the US central bank, the White House said on Tuesday. Yellen would be the first woman to head the powerful Fed, taking over at a pivotal time for the economy and the banking industry.
Both Yellen and Bernanke are scheduled to appear with Obama at the White House on Wednesday for a formal announcement.
Bernanke's term ends in January, completing a remarkable eight-year tenure in which he helped pull the US economy out of the worst financial crisis and recession since the 1930's.
Under Bernanke's leadership, the Fed created extraordinary programs after the financial crisis erupted in 2008. It lent money to banks after credit markets froze, cut its key short-term interest rate to near zero and bought trillions in bonds to lower long-term borrowing rates.
Those programs are credited with helping save the US banking system.
Yellen emerged as the leading candidate after Lawrence Summers, a former Treasury secretary whom Obama was thought to favor, withdrew from consideration last month in the face of rising opposition.
Yellen, 67, would likely continue steering Fed policy in the same direction as Bernanke. A close ally of the chairman, she has been a key architect of the Fed's efforts under Bernanke to keep interest rates near record lows to support the economBy Annu| 298 views
Obama To Nominate Janet Yellen As New Fed Chief As QE Taper Debate Looms
Amid a political standoff in Washington, President Obama is set to nominate Janet Yellen to replace Ben Bernanke as head of the Federal Reserve, the White House said Tuesday night. Yellen, the current vice chairwoman of the central bank and the front-runner for the top spot after Larry Summers withdrew as a candidate amid intense political scrutiny, guarantees a continuation of current monetary policy, with the Fed engaged in an $85 billion-a-month asset purchase program that could be close to being wound down. An official announcement is expected to be made Wednesday.
If confirmed by the Senate, Yellen would take the helm of the Fed in a moment of transition, as the FOMC prepares to taper its quantitative easing program, a prospect which the markets see as the beginning of the end of easy money. Yellen has worked side by side with Chairman Bernanke as vice chairwoman since 2010, and has been a proponent of the Fed’s loose monetary stance. Even if the Fed reduces its pace of monthly asset purchases, it would still be adding to its balance sheet.
Since the Federal Funds rate hit the zero-bound in the wake of the 2008 financial crisis, Bernanke has engaged in several rounds of quantitative easing, buying Treasuries and mortgage-backed securities with the aim of increasing the money supply and encouraging bank lending. The Fed’s balance sheet has ballooned past $3 trillion, leaving his successor with the difficult task of managing the exit strategy.
By Annu| 385 views
Obama Nominates Janet Yellen As Fed Chair
President Barack Obama says Janet Yellen is a tough and proven leader ready to take over as chairman of the Federal Reserve.
By Nidhi| 350 views
Ukrainian Protesters Target NY Federal Reserve News Video
About two dozen protesters held a rally outside of the New York federal Reserve calling on the U.S. government to impose economic sanctions on the government of Ukraine. (Feb. 19)
By Nidhi| 386 views
The vice chairman of the Federal Reserve, a leading candidate to replace Ben Bernanke as head of the agency, is favored by Democrats and economists alike.
#hindinews#hindivideo#ANNU
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Janet Yellen to become new head of the Federal Reserve
President Obama will announce that Janet Yellen is to take over at the top of the US central bank, the Federal Reserve. Yellen will start a four-year term in January and becomes the first woman to run the organisation. Markets in the US continue to suffer as worries mount over the looming deadline to raise the debt ceiling. In company news, we have a report on the giant of the telecom equipment sector, Huawei. Staying in China, Yum Brands reports a 68% drop in quarterly profits. In Europe, steelmaker Arcelor Mittal says it plans to invest €92 million at a site in Dunkirk and tension is increasing for the struggling Italian airline Alitalia. Here in France, French company bosses have called on President Hollande to ease the current tax regime.
By Annu| 356 views
White House to Nominate Janet Yellen to Head Federal Reserve
President Barack Obama will announce Wednesday afternoon that Janet Yellen is his choice to head the Federal Reserve, a White House official confirmed to TIME.
Yellen, currently the vice chairwoman at the Fed, has been seen as Obama’s top choice since soon after former economic adviser Larry Summers withdrew his name from consideration for the role. She is considered a strong supporter of current chair Ben Bernanke’s stimulus policies, which have coincided with a soaring stock market, and is largely expected to extend them.
Obama will announce his decision to nominate Yellen at the White House at 3 p.m. Wednesday, joined by Yellen and Bernanke, according to the White House offical. Yellen’s nomination must still be confirmed by the Senate.By Annu| 353 views
Barack Obama to nominate Janet Yellen as chairman of Federal Reserve
Barack Obama will nominate Federal Reserve vice chair Janet Yellen to succeed Ben Bernanke as chairman of the US central bank, the White House has announced.
Mrs Yellen would be the first woman to head the powerful Fed, taking over at a pivotal time for the economy and the banking industry.
Both Mrs Yellen and Mr Bernanke are scheduled to appear with Mr Obama at the White House on Wednesday for a formal announcement.
Mr Bernanke's term ends in January, completing a remarkable eight-year tenure in which he helped pull the US economy out of the worst financial crisis and recession since the 1930s.
Under Mr Bernanke's leadership, the Fed created extraordinary programs after the financial crisis erupted in 2008. It lent money to banks after credit markets froze, cut its key short-term interest rate to near zero and bought trillions in bonds to lower long-term borrowing rates.
Those programs are credited with helping save the US banking system.
Mrs Yellen emerged as the leading candidate after Lawrence Summers, a former Treasury secretary whom Mr Obama was thought to favour, withdrew from consideration last month in the face of rising opposition.
Mrs Yellen, 67, would likely continue steering Fed policy in the same direction as Mr Bernanke. A close ally of the chairman, she has been a key architect of the Fed's efforts under Mr Bernanke to keep interest rates near record lows to support the economy.By Annu| 342 views
Yellen Confirmed to Chair Federal Reserve
The Senate confirmed Janet Yellen as the first woman to lead the Federal Reserve, elevating an advocate of fighting unemployment and a backer of the central bank's efforts to spur the economy with low interest rates and massive bond purchases.
By Nidhi| 2067 views
Everything You Need to Know About Janet Yellen
Oct. 9 - Television's Erik Schatzker examines the career of Janet Yellen, President Obama's nominee to be Fed Chairman.
By Annu| 538 views
Obama to nominate Janet Yellen as Bernanke successor
President Barack Obama will nominate Federal Reserve vice chair Janet Yellen to succeed Ben Bernanke as chairman of the US central bank, the White House said on Tuesday. Yellen would be the first woman to head the powerful Fed, taking over at a pivotal time for the economy and the banking industry.
Both Yellen and Bernanke are scheduled to appear with Obama at the White House on Wednesday for a formal announcement.
Bernanke's term ends in January, completing a remarkable eight-year tenure in which he helped pull the US economy out of the worst financial crisis and recession since the 1930's.
Under Bernanke's leadership, the Fed created extraordinary programs after the financial crisis erupted in 2008. It lent money to banks after credit markets froze, cut its key short-term interest rate to near zero and bought trillions in bonds to lower long-term borrowing rates.
Those programs are credited with helping save the US banking system.
Yellen emerged as the leading candidate after Lawrence Summers, a former Treasury secretary whom Obama was thought to favor, withdrew from consideration last month in the face of rising opposition.
Yellen, 67, would likely continue steering Fed policy in the same direction as Bernanke. A close ally of the chairman, she has been a key architect of the Fed's efforts under Bernanke to keep interest rates near record lows to support the economBy Annu| 298 views
Obama To Nominate Janet Yellen As New Fed Chief As QE Taper Debate Looms
Amid a political standoff in Washington, President Obama is set to nominate Janet Yellen to replace Ben Bernanke as head of the Federal Reserve, the White House said Tuesday night. Yellen, the current vice chairwoman of the central bank and the front-runner for the top spot after Larry Summers withdrew as a candidate amid intense political scrutiny, guarantees a continuation of current monetary policy, with the Fed engaged in an $85 billion-a-month asset purchase program that could be close to being wound down. An official announcement is expected to be made Wednesday.
If confirmed by the Senate, Yellen would take the helm of the Fed in a moment of transition, as the FOMC prepares to taper its quantitative easing program, a prospect which the markets see as the beginning of the end of easy money. Yellen has worked side by side with Chairman Bernanke as vice chairwoman since 2010, and has been a proponent of the Fed’s loose monetary stance. Even if the Fed reduces its pace of monthly asset purchases, it would still be adding to its balance sheet.
Since the Federal Funds rate hit the zero-bound in the wake of the 2008 financial crisis, Bernanke has engaged in several rounds of quantitative easing, buying Treasuries and mortgage-backed securities with the aim of increasing the money supply and encouraging bank lending. The Fed’s balance sheet has ballooned past $3 trillion, leaving his successor with the difficult task of managing the exit strategy.
By Annu| 385 views
Obama Nominates Janet Yellen As Fed Chair
President Barack Obama says Janet Yellen is a tough and proven leader ready to take over as chairman of the Federal Reserve.
By Nidhi| 350 views
Ukrainian Protesters Target NY Federal Reserve News Video
About two dozen protesters held a rally outside of the New York federal Reserve calling on the U.S. government to impose economic sanctions on the government of Ukraine. (Feb. 19)
By Nidhi| 386 views
Annu
Kylie Jenner & Tyga's ROMANTIC Vacation PICTURES
While her sister indulged in her childhood passion of horse riding, birthday girl Kylie Jenner preferred staying back with her beau. The 19 year old put her stunning body on display in a black high-cut swimming costume as she celebrated her 19th birthday in Turks and Caicos.
By Annu| 218576 views
How to use your gadgets
TOM CLANCY'S RAINBOW SIX SIEGE
Watch How to use your gadgets With HD QualityBy Annu| 18297 views
LeEco to launch a new phone with Snapdragon 821 on June 29 II Latest Gadgets News Updates
A week ago, there were bits of gossip about LeEco chipping away at a gadget with 8GB of RAM. In the event that reports skimming online are to be accepted than it might turn into a reality soon. The organization has put out an official teaser around an occasion on 29 June.
By Annu| 1951 views
Govt./PSU
India observes Independence Day with patriotic fervour
Prime Minister Narendra Modi
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Education ???? पर Arvind Kejriwal की जबरदस्त Speech ???? | Latest Motivational Speech | Aam Aadmi Party
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