Janet Yellen and the Fed suggest no rate hike until 2015. And even once the Fed starts moving to raise short-term interest rates, it expects the upward path of rate hikes to be slow, Janet Yellen said.
Under the right conditions, sanctions against individual Russians can be effective over time, experts say. The question, as the US moved Thursday to impose such sanctions amid Russia's Ukraine gambit, is whether such conditions exist.
Global markets are taking the Ukraine crisis in stride so far, mindful of a diplomatic full court press to persuade Russia to step back from its military incursion into Crimea. Will economic fallout be what prompts Russia's Putin to reconsider his stance?
President Obama's budget for fiscal year 2015, released Tuesday, contains good news and not-so-good news. Its forecasts call for falling annual budget deficits, but US debt remains historically high for the long term.
Now-Chair Janet Yellen fretted about wrong incentives created by Wall Street pay structure. Many underestimated the effect of the Lehman Bros. failure. These and other insights come from Fed meeting transcripts, released Friday, of that tumultuous year.
With midterm elections and control of the Senate up for grabs, President Obama opted to shelve his 'chained CPI' proposal that would have affected Social Security benefits. Many Democrats welcome the move.
According to minutes released Wednesday, a Fed meeting last month included disagreement over how the US central bank should proceed in setting monetary policy, at a time when the economy is improving but unemployment is still high.