Fed Chairwoman Yellen: More Jobs Expected In USA day after addressing a senate committee, Federal Reserve Chairwoman Janet Yellen was back on Capitol Hill Wednesday.
Fed Chair Yellen: 'Too Early To Know What Policy Changes Will Be Put In Place'Federal Reserve Chairwoman Janet Yellen said Tuesday the central bank will "evaluate whether employment and inflation are continuing to evolve in line with [the Fed's] expectations, in which case a further adjustment of the federal funds rate would likely be appropriate."
Janet Yellen's Fed Faces A Tricky Rates Dilemma In 2017As was expected, the Feds raised interest rates and now banks will likely pass their higher costs to consumers and companies leading to high borrowing rates throughout the economy.
Federal Reserve Leaders Questioned About Their Powerful JobsBen Bernanke was quizzed about what it felt like to be called a traitor by the governor of Texas and Alan Greenspan was asked if he purposely sought to confuse Congress with his answers.
US Auto Sales Expected To Hit An All-Time High In 2015Auto sales in the United States are expected to hit an all-time high as Americans are buying more new cars than ever before.
Jamaican Man Sentenced In Florida For Lottery Scam A man from Jamaica is behind bars for running a lottery scam which targeted elderly people.
Fed Injects $40B A Month In Third Round Of Economic AidThe Federal Reserve says it will spend $40 billion a month to purchase mortgage-backed securities because the economy is too weak to reduce high unemployment.
Opinion: Auto And Bank Bailouts Prove EffectiveOn Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
Unemployment Rate Drops, Job Creation SlowsThe latest numbers from the U.S. Labor Department offer a mixed bag of news to President Barack Obama.