Federal Reserve Chair Janet Yellen said on Friday the growth of economic inequality in the United States "greatly" concerned her.
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The Federal Reserve should ditch all references to dates in its policy statement and instead base decisions on economic data, particularly inflation, a top Fed policymaker said on Friday.
Pressure is building within the Federal Reserve for officials to move as early as next month to more clearly acknowledge improvements in the U.S. economy and lay the groundwork for the central bank’s first interest rate hike in nearly a decade.
Federal Reserve Chair Janet Yellen said on Monday the U.S. central bank's "extraordinary" commitment to boosting the economy, especially the still struggling labor market, will be needed for some time to come.
New Federal Reserve Chair Janet Yellen said on Tuesday the labor market recovery is "far from complete" despite a drop in unemployment, yet she said the U.S. central bank expects to continue trimming policy stimulus in measured steps due to broader improvements in the economy.
A dovish U.S. central banker on Saturday again urged the Federal Reserve to be patient as it trims its support for the economy, in part because it risks permanent damage to the labor market.
The U.S. Federal Reserve cannot effectively fight high unemployment unless Congress and President Barack Obama "get their act together" and fix the nation's fiscal problems, a top Fed official said on Thursday.
It is too soon to determine whether to dial down the Federal Reserve's massive bond-buying program, and the economic picture may not be clear enough to make that decision for another three or four months, an influential U.S. central bank official said.
