White House Government Agencies

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  • WASHINGTON, Feb 10- Government tests show some specific types of laminate flooring made by Lumber Liquidators Holdings LLC could cause irritation and breathing problems, a federal report released on Wednesday showed. The U.S. Consumer Product Safety Commission, which is investigating the issue and made the report public, asked the federal Centers for...

  • WASHINGTON, Feb 10- Federal Reserve Chair Janet Yellen said on Wednesday that the U.S. central bank is analyzing the prospect of negative interest rates in the spirit of prudent planning, but it is not a preferred option. She told a committee of lawmakers in Congress that given the implementation of negative rates by the Bank of Japan and the European Central Bank...

  • WASHINGTON, Feb 10- Tightening financial conditions and uncertainty over China pose risks to the U.S. recovery, but chances are slim the Federal Reserve would need to reverse the rate tightening cycle it began in December, Fed Chair Janet Yellen told U.S. lawmakers on Wednesday. Financial conditions overall have tightened, driven by falling stock prices,...

  • NEW YORK, Feb 10- Stock indexes worldwide rebounded on Wednesday after concerns eased about the banking sector and Federal Reserve Chair Janet Yellen said the U.S. central bank has plenty of flexibility to adjust monetary policy if needed. Yellen's testimony to Congress boosted sentiment. "What Yellen said has been taken positively," said Richard Sichel, chief...

  • US STOCKS-Wall St up as Yellen revives rate hike hopes Wednesday, 10 Feb 2016 | 11:40 AM ET

    Feb 10- U.S. stocks gained on Wednesday after Federal Reserve Chair Janet Yellen said conditions in the United States would allow for "gradual" rate hikes, and as technology stocks rebounded. Fears of a China- led global economic slowdown, along with oil's steep slide since the Fed raised rates in December have dampened the market's expectations for a hike in...

  • TORONTO, Feb 10- Canada's main stock index rose on Wednesday as financial stocks clawed back some losses from the start of the week, offsetting energy and mining stocks that slid as crude oil prices fell. Federal Reserve Chair Janet Yellen said conditions in the United States would allow the U.S. central bank to pursue "gradual" adjustments to monetary policy.

  • WASHINGTON, Feb 10- A top Federal Reserve policymaker on Wednesday expressed concern that U.S. reforms enacted after the global financial crisis may have made it harder to stem a credit market panic, a warning that came amid growing stress in corners of the banking sector. In a speech that followed weeks of plunging stock prices for global banks and growing...

  • WASHINGTON, Feb 10- Tightening financial conditions driven by falling stock prices, uncertainty over China and a global reassessment of credit risk could throw the U.S. economy off track from an otherwise solid course, Federal Reserve Chair Janet Yellen said on Wednesday in prepared testimony to Congress. In remarks that combined a steady-as-she-goes...

  • *Yellen sees "gradual" adjustments to monetary policy. Feb 10- Wall Street was higher on Wednesday, led by financial stocks, after Federal Reserve Chair Janet Yellen said conditions in the United States would allow the Fed to pursue "gradual" adjustments to monetary policy. However, tightening financial conditions driven by falling stock prices, uncertainty over...

  • Feb 10- U.S. stocks opened higher on Wednesday after Federal Reserve Chair Janet Yellen said conditions in the United States would allow the Fed to pursue "gradual" adjustments to monetary policy. The Dow Jones industrial average was up 53.11 points, or 0.33 percent, at 16,067.49,. The S&P 500 was up 10.48 points, or 0.57 percent, at 1,862.69 and the Nasdaq Composite...

  • *Dollar rises after Yellen comments indicate rate hike still possible. NEW YORK, Feb 10- The dollar rose on Wednesday, climbing from nearly four-month lows against a basket of major currencies, after prepared remarks from Federal Reserve Chair Janet Yellen suggested that the U.S. central bank had not taken a March interest rate increase off the table.

  • Feb 10- Wall Street was set to open higher on Wednesday, but U.S. stock futures eased some of their gains after Federal Reserve Chair Janet Yellen said conditions in the United States would allow the Fed to pursue "gradual" adjustments to monetary policy. However, tightening financial conditions driven by falling stock prices, uncertainty over China and a global...

  • Former president of Pilot Flying J, employees indicted Wednesday, 10 Feb 2016 | 8:46 AM ET

    In July 2014 Pilot Flying J agreed to pay a $92 million to resolve its criminal liability over a scheme that the U.S. Justice Department said caused customers to lose $56 million. The case followed an investigation in which Federal Bureau of Investigation and Internal Revenue Service agents searched Pilot Flying J's headquarters in Knoxville in April 2013.

  • WASHINGTON, Feb 10- Tightening financial conditions driven by falling stock prices, uncertainty over China and a global reassessment of credit risk could throw the U.S. economy off track from an otherwise solid course, Federal Reserve Chair Janet Yellen said on Wednesday in prepared testimony to Congress. In testimony that combined a steady-as-she-goes...

  • Feb 10- U.S. stock index futures were higher on Wednesday, with oil prices staging a modest recovery, ahead of U.S. Federal Reserve Chair Janet Yellen's appearance before Congress. *Wall Street closed lower for the third session in a row on Tuesday, after a sharp fall in crude battered the energy sector.

  • LONDON, Feb 10- The dollar struggled to climb off 3-1/ 2- month lows on Wednesday as worries over a global economic slowdown weighed and traders waited for more tips on the likely course of U.S. interest rates from Federal Reserve Chair Janet Yellen. Despite a shock move from the Bank of Japan to adopt negative interest rates two weeks ago, the yen hit a 15- month high...

  • *China markets closed for New Year break; to reopen Monday. LONDON, Feb 10- Copper hit a two-week low on Wednesday on persistent worries over global growth, and as traders awaited testimony from Federal Reserve Chair Janet Yellen for clues on the outlook for the dollar. "I expect Yellen to sound a bit more dovish but to keep the door open for rate hikes, which means are...

  • *Gold hit $1,200.60/ oz on Monday. Federal Reserve Chair Janet Yellen will address Congress at 1330 GMT for the first time since hiking interest rates in December and is expected to insist that further rises this year remain on track, albeit at a slower pace. "The gold market will listen carefully to what Janet Yellen has to say it is not factoring in a 100 percent...

  • FOREX-Dollar struggles as Yellen eyed for direction Wednesday, 10 Feb 2016 | 4:00 AM ET

    LONDON, Feb 10- The dollar languished close to a 3-1/ 2- month low against a basket of major currencies on Wednesday, as traders waited for U.S. interest rate guidance from Federal Reserve Chair Janet Yellen. Worries over sliding commodity prices, a slowing China and the health of European banks have also dampened dollar demand in favour of safe-haven assets such...

  • European stock markets have closed higher after Federal Reserve chair Janet Yellen indicated the central bank would consider slowing the pace of interest rate increases. Britain's FTSE 100 rose 0.7 percent to close at 5,672.30 and Germany's DAX rose 1.6 percent to 9,017.29. Federal Reserve Chair Janet Yellen says the central bank is carefully watching...