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Yellen resolved to avoid raising rates too soon, fearing downturn

Last Updated: Wednesday, August 13, 2014, 00:08

Approaching a historic turn in US monetary policy, Janet Yellen has staked her tenure as chair of the Federal Reserve on a simple principle: she`d rather fight inflation than another economic downturn.

Fed leaves policy unchanged, further reduces bond purchase by $10 bn

Last Updated: Thursday, July 31, 2014, 09:00

The Fed as expected reduced its monthly bond purchases by $10 billion, taking the program to $25 billion a month.

Federal Reserve meets amid calls for tighter policy

Last Updated: Tuesday, July 29, 2014, 22:27

The US Federal Reserve began a two-day policy meeting Tuesday under rising pressure to step off its ultra-dovish stance to address rising inflation and worries of overheated markets.

Fed could hike rate sooner than expected: Yellen

Last Updated: Tuesday, July 15, 2014, 23:00

The Federal Reserve could raise its interest rate sooner than expected as the jobs market improves, Fed Chair Janet Yellen said Tuesday, adding the Fed was closely watching for risks.

Fed cuts 2014 growth forecast but maintains confidence in recovery

Last Updated: Wednesday, June 18, 2014, 23:45

The Federal Reserve on Wednesday slashed its forecast for US economic growth this year but expressed confidence the recovery was largely on track and would allow it to begin raising interest rates in 2015.

Yellen confounds in first policy announcement

Last Updated: Thursday, March 20, 2014, 23:57

The US stock markets plunged Wednesday when Yellen, detailing Fed policy after leading her first meeting of the Federal Open Market Committee, gave a seemingly casual estimate to a question about interest rates.

Only time will define Bernanke's crisis-era legacy at Fed

Last Updated: Thursday, January 30, 2014, 12:30

Ben Bernanke did not hesitate when asked whether he was confident that his signature response to the Great Recession would work.

US stocks tank as Fed trims stimulus again

Last Updated: Thursday, January 30, 2014, 04:04

At the closing bell, the Dow Jones Industrial Average slumped 183.03 points (1.15 percent) to 15,745.53.

Fed cuts stimulus as expected; Bernanke prepares to depart

Last Updated: Thursday, January 30, 2014, 02:50

Starting in February, the Fed will buy $65 billion in bonds per month, down from $75 billion now. It shaved its purchases of US Treasuries and mortgage bonds equally.

Oil prices mixed in Asian trade

Last Updated: Thursday, January 16, 2014, 11:06

Oil prices were mixed in Asian trading hours on Thursday but analysts said sentiment will continue to be boosted by expectations of higher world economic growth.

US Senate poised to confirm Janet Yellen as Fed chair

Last Updated: Monday, January 06, 2014, 23:52

A Senate vote is set for 5:30 p.m. (2230 GMT) on Yellen, 67, who has been vice chair of the U.S. central bank since 2010.

With Fed out of the way, what's next on Wall Street?

Last Updated: Saturday, December 21, 2013, 04:15

With the US Federal Reserve finally announcing it will start tapering its stimulus, removing a big uncertainty in the market, can Wall Street expect a stronger finish to the year? Not really.