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Andrew Medichini/AP Federal Reserve Chair Janet Yellen had a surprising answer to the question of what she thought of a recent proposal by 22 prominent economists for the central bank to raise its 2% inflation target given the economy’s subdued recent track record: she didn’t knock it down. That’s what she had normally done when […]
Andrew Harnik/AP I once asked Janet Yellen a rather straightforward question that would echo for much longer than I expected. It was March 2015, and the Federal Reserve was under pressure from Congress to reveal details about an internal investigation into how key details of its interest rate policy deliberations had made their way into […]
Win McNamee/Getty Images It didn’t take long for Janet Yellen to rid investors of that rare feeling of predictability from the Fed. “The data have not notably strengthened,” the Federal Reserve Chair said during her March 15 press conference after the central bank raised interest rates for just the third time since the financial crisis. This hike […]
Win McNamee/Getty Images During her testimony to the Senate Banking, Housing, and Urban Affairs Committee, Federal Reserve Chair Janet Yellen outlined the potential economic impact of a repeal of the Affordable Care Act (ACA), better known as Obamacare. When asked by Democratic Sen. Bob Menendez about the effect of the recent budget resolution passed by Republicans that […]
