Talking of the employment sector, Yellen said she was expecting higher percentages of unemployment due to the coronavirus outbreak.
At a three-day conference in San Diego on an array of economic topics, one stood out: The textbook view of central banking, where low unemployment produces unwanted inflation that monetary policymakers can counter with interest-rate hikes, is at least badly hobbled if not fully broken
Jerome Powell’s comments solidified a Fed policy shift last month in which it indicated it would pause a three-year cycle of rate hikes
Government-RBI rift: Forcing central bank to give Rs 3.6 lakh cr from cash reserves would jeopardise inflation story
Every year since 2014, the RBI has transferred all the profits it has made to the government
US Fed raises rate by 25 bps, keeps 2018 policy outlook unchanged; Trump tax cuts seen short-term boost
The expected fiscal stimulus, coming on the heels of a flurry of relatively bullish data, cleared the way for the US central bank to raise rates by a quarter of a percentage point to a range of 1.25 percent to 1.50 percent. It was the third rate hike this year.
Yellen’s decision gives Trump in his first year in office the chance to fill five positions on the Fed’s seven-member board, in addition to picking Powell to be the next Fed chairman
By picking Jerome Powell as Federal Reserve chief, Donald Trump set to undo another Barack Obama legacy
The 64-year-old Republican has echoed the administration's views on deregulation but is not seen as likely to tighten interest rates too quickly -- which Trump opposes.
The Fed, as expected, also said it would begin in October to reduce its approximately $4.2 trillion in holdings of US Treasury bonds and mortgage-backed securities acquired in the years after the 2008 financial crisis.
The Fed "continues to expect that the evolution of the economy will warrant gradual increases in the federal funds rate over time," Yellen said
The dollar is expected to strengthen further in the course of the year, and hence while interest rate policy per se may be less affected by this development, currency stability will dominate the discussion tables at the RBI
The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a sustained return to 2 percent inflation
The decision to lift the target overnight interest rate by 25 basis points to a range of 0.75 percent to 1.00 percent marked a convincing step in the Fed's effort to return monetary policy to a more normal footing.
US February employment data published on Friday further cleared the way to an interest rate rise, with the economy adding another 235,000 jobs. The unemployment rate held roughly steady at 4.7 percent.
Yellen on Friday was quick to point out that the Fed's closeness to its goals of full employment and 2 percent inflation were currently guiding its rate hike plans
On a weekly basis, the BSE Sensex fell 60.52 points, or 0.20 percent, and the Nifty 41.95 points, or 0.46 percent, halting a five-week rising streak
Patel, a deputy governor since 2013, had been known within the RBI as reserved. He is widely regarded as having the professional and academic credentials to succeed, but the governor's role also involves communicating, some bankers say.
Possible changes in fiscal policy by US President Donald Trump are among the factors adding "uncertainty" to the economic outlook, Federal Reserve Chair Janet Yellen said on Tuesday.
US Fed rate hike: Janet Yellen just made Modi’s task of repairing a ‘demonetised’ economy lot tougher
The PM will have to push hard emergency measures to resolve the cash crunch at the earliest and regain the balance of the economy
Investors had bet heavily on a more dovish message and many positions were quickly unwound
Partly as a result of the anticipated changes, the Fed sees three rate hikes in 2017 instead of the two foreseen in September