May 07 Watch News Wrap: Court forces Thai leader out of office for abuse of power By PBS News Hour Continue watching
May 07 Yellen cautiously optimistic about future growth By Simone Pathe 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. Continue reading
Apr 30 Fed reduces monetary stimulus for fifth month in a row By Simone Pathe 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… Continue reading
Apr 15 Higher food, rent costs boost U.S. consumer inflation By Sarah Corapi 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… Continue reading
Mar 27 U.S. 'underbanked' population increasingly using mobile banking By Simone Pathe Mobile banking is on the rise, especially among those consumers who are "underbanked" and rely on other financial services besides a traditional bank account. Continue reading
Mar 26 How candid should Janet Yellen be? Watching emerging markets overreact to Fed transparency By Simone Pathe When the Fed chair speaks, emerging markets take note. New research about their reaction to the Fed's early hints of tapering raises bigger questions about global financial integration and the Fed's transparency. Continue reading
Mar 20 Fed says biggest banks could withstand severe economic downturn By Simone Pathe On the first of two report card days for big banks in America, all but one bank received a passing grade from the Federal Reserve. The central bank released the results of its “stress test” of 30 bank-holding companies with… Continue reading
Mar 19 Watch Despite dip in unemployment, Yellen says Fed will hold low short-term interest rates for now By PBS News Hour Continue watching
Mar 19 Yellen defends Fed's decision to forgo unemployment threshold By Simone Pathe The Fed’s policy-making body, the Open Market Committee, announced Wednesday they will again draw down purchases of bonds by $10 billion. Monthly bond purchases will now decreases from $65 billion to $55 billion. Continue reading
Mar 19 Is Janet Yellen right for the job? By Richard F. Syron 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. Continue reading