Janet Yellen

Led by Jerome Powell, the Federal Reserve has moved quickly and creatively to pump money into the rapidly shrinking U.S. economy.

Economy

Fed Goes All Out To Keep Economy Alive During Coronavirus Shutdown

5:00am April 06, 2020

by Scott Horsley

The Federal Reserve has moved quickly and creatively to pump money into the rapidly shrinking U.S. economy in hopes of keeping it afloat long enough to outlast the coronavirus pandemic.

Federal Reserve Chair Janet Yellen waits for a hearing of the Joint Economic Committee in Washington, D.C., on Nov. 29, 2017.

With Focus On Unemployment, Yellen Led Fed Through Tough Balancing Act

9:00am February 01, 2018

by John Ydstie

As she leaves the Fed's top job, Janet Yellen gets high marks for the way she resisted calls to raise interest rates as the economy began recovering. Instead, she was determined to boost job growth.

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Fed Chair Janet Yellen on Monday submitted her resignation from the Federal Reserve Board. Earlier this month, President Trump named Jerome Powell to be the next Fed chair.

Yellen Resigns From Fed Board After Being Passed Over To Keep Top Post

5:15pm November 20, 2017

by John Ydstie

Janet Yellen says she'll step down from the Federal Reserve Board when her successor as chair is sworn in. Earlier this month, President Trump named Jerome Powell to be the next Fed chairman.

Janet Yellen has served as chair of the Federal Reserve Board since 2014.

Yellen Will Leave Top Fed Post With Solid Record

6:21pm November 02, 2017

by John Ydstie

As Fed chair, Janet Yellen helped the central bank largely achieve its mandate to engineer full employment while keeping inflation at a level that fosters growth.

Trump's economic adviser Gary Cohn (left) and adviser Jared Kushner listen to President Trump at a meeting with business leaders Jan. 23.

Trump's Flip-Flops On Economics Move Policies Toward The Status Quo

11:27am April 14, 2017

by John Ydstie

President Trump is beating a path back toward the center on economic policy. Some economists think it may be due to influence from Trump advisers like Gary Cohn and Jared Kushner.

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Republican presidential candidate Donald Trump speaks during a rally in Florida on Friday.

Here's What Trump Was Up To Amid News Of 'Deplorables' And Pneumonia

4:32pm September 12, 2016

by Danielle Kurtzleben

Here's what you missed while Hillary Clinton's abysmal weekend took over Monday's news cycle.

Federal Reserve policymakers left rates unchanged, saying they were worried about job growth and did not want higher rates to affect hiring.

Go Ahead, Shop For That Car; The Fed Is Leaving Interest Rates Very Low

4:40pm June 15, 2016

by Marilyn Geewax

The Federal Reserve left interest rates unchanged at very low levels. Fed policymakers expressed worries about job growth, so they did not want higher rates to further cool hiring.

An employee prepares to install the hood on a vehicle at a General Motors plant in Arlington, Texas. Federal Reserve policymakers say recent indicators point to a strengthening labor market.

Federal Reserve Decides To Keep Interest Rates Low A While Longer

3:59pm March 16, 2016

by Marilyn Geewax

The Federal Reserve decided Wednesday to hold interest rates steady. The nation's central bank is watching for signs of overheating, but for now, says the economy is growing at a sustainable rate.

Federal Reserve Board Chair Janet Yellen listens to questions during a House Financial Services Committee hearing on Capitol Hill on Wednesday. Delivering the Federal Reserve's semiannual Monetary Policy Report to the House Committee, Yellen aired caution

Outlook 'Uncertain' For Global Economy, Yellen Tells Congress

1:08pm February 10, 2016

by Bill Chappell

Testifying for the first time since the Federal Reserve raised interest rates, Janet Yellen says volatility in the global markets means that "as is always the case, the economic outlook is uncertain."

Traders work on the floor of the New York Stock Exchange in March. Investors have been waiting to see whether the Federal Reserve will raise interest rates for the first time since 2006.

The Downside Of Keeping Interest Rates So Low For So Long

11:56am September 16, 2015

by Marilyn Geewax

Some economists say the Federal Reserve should leave rates alone, but many say super-low rates have big risks, too. They argue that the central bank needs to push rates back up to historic norms.