A week after the Federal Reserve’s Open Market Committee announced yet another reduction in their monetary stimulus, Fed chair Janet Yellen delivered an optimistic growth outlook before the congressional Joint Economic Committee Wednesday.

At the end of their two-day policy meeting, the Federal Reserve’s Open Market Committee decided Wednesday to reduce monthly asset purchases by $10 billion to $45 billion beginning in May. Despite disappointing growth figures out Wednesday, the committee…

Consumer prices in the U.S. ticked upward this March, climbing more than expected as Americans paid slightly more for food and rental housing. The hike suggests improving consumer demand, and may alleviate concerns among some Federal Reserve officials…

Mar 19

At the end of the Fed's two-day policy meeting Wednesday, Janet Yellen holds her first press conference as chair. Former Fed governor Richard Syron examines Yellen's preparation for the job in light of her predecessors' tenures at the central bank.

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