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Craig Torres

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JANET YELLEN CHAIR of the U.S. Federal Reserve. /BLOOMBERG FILE PHOTO/ANDREW HARRER

Yellen’s future at Fed resisted by Trump aides wanting new blood

NEW YORK - Federal Reserve Chair Janet Yellen’s candidacy for another term is encountering resistance from some Trump administration advisers who want a new...
A runner passes the Marriner S. Eccles Federal Reserve building in Washington, D.C., U.S., on Friday, Nov. 18, 2016. Federal Reserve Chair Janet Yellen told lawmakers on Thursday that she intends to stay in the job until her term expires in January 2018 while extolling the virtues of the Fed's independence from political interference. / BLOOMBERG / ANDREW HARRER

Analysis: Fed plan for gradual rate hikes is starting to look...

NEW YORK - Investors and the Federal Reserve may have grown too comfortable with gradualism - raising interest rates at a pace that is...
JANET YELLEN, chair of the U.S. Federal Reserve, said challenges remain in the U.S. labor market, including concentrations of elevated joblessness in poor and minority communities. / BLOOMBERG NEWS PHOTO/ANDREW HARRER

Yellen says pockets of ‘persistently high’ unemployment remain

WASHINGTON - Federal Reserve Chair Janet Yellen said challenges remain in the U.S. labor market, including concentrations of elevated joblessness in poor and minority...
THE FEDERAL Reserve raised its benchmark lending rate a quarter point and continued to project two more increases this year. / BLOOMBERG NEWS PHOTO

Fed raises benchmark rate as inflation approaches 2% target

WASHINGTON - The Federal Reserve raised its benchmark lending rate a quarter point and continued to project two more increases this year, signaling more...
IN PREPARED REMARKS to the Senate Banking Committee, Federal Reserve Chair Janet Yellen re-affirmed the central bank's commitment to raising interest rates if the economy meets expectations with regard to inflation and the labor markets. / BLOOMBERG NEWS FILE PHOTO/PETE MAROVICH

Yellen sees more rate hikes needed if economy stays on course

WASHINGTON - Federal Reserve Chair Janet Yellen said more interest-rate increases will be appropriate if the economy meets the central bank’s outlook of gradually...
THE CHART shows the number of refugees entering the U.S. between Oct. 1, 2016 and Dec. 31, 2016 from nations among Trump's list of seven. / COURTESY BLOOMBERG

Changing U.S. immigration rules loaded with economic baggage

WASHINGTON - President Donald Trump spent his first week making good on even his most controversial campaign promises when it comes to immigration, leaving...
FEDERAL RESERVE CHAIR JANET YELLEN said in a speech Wednesday that with the U.S. economy "close" to the central bank's inflation and employment goals, interest rates are likely to increase consistently, if gradually, in the coming years. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Yellen says economy near goals, warranting gradual rate hikes

WASHINGTON - Federal Reserve Chair Janet Yellen said the U.S. economy is “close” to the central bank’s objectives of full employment and stable prices...
FEDERAL RESERVE CHAIRWOMAN JANET YELLEN said the case to raise interest rates is getting stronger as the U.S. economy approaches the central bank’s goals. / BLOOMBERG NEWS FILE PHOTOS/ANDREW HARRER

Yellen says rate-hike case ‘strengthened in recent months’

WASHINGTON - Federal Reserve Chair Janet Yellen said the case to raise interest rates is getting stronger as the U.S. economy approaches the central...

Fed says risks have diminished as it leaves rate unchanged

WASHINGTON - The Federal Reserve left interest rates unchanged while saying risks to the U.S. economy have subsided and the labor market is getting...
ECONOMIC ACTIVITY in the United State is expanding, but overall the 12 districts of the Federal Reserve believe the pace is modest, with some softening of consumer demand, according to the latest edition of the Fed's Beige Book.  / BLOOMBERG NEWS FILE PHOTO/BRENT LEWIN

Beige book: economy growing modestly with slight price pressures

WASHINGTON - The U.S. economy expanded at a modest pace since mid-May amid “slight” price pressures and some softening in consumer spending, a report...
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