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White House Government Agencies

  • WASHINGTON, Feb 14- The Federal Reserve will likely need to raise interest rates at an upcoming meeting, Fed Chair Janet Yellen said on Tuesday, although she flagged considerable uncertainty over economic policy under the Trump administration. "Waiting too long to remove accommodation would be unwise," Yellen told the U.S. Senate Banking Committee, citing the...

  • That concern was evident on Tuesday in the U.S. central bank's semiannual Monetary Policy Report to Congress, in which commercial property prices were singled out as a "growing concern" even as the Fed described wider risks to financial stability as "moderate." "Commercial real estate valuations, which have been an area of growing concern over the past year, rose...

  • Both deals were announced in July 2015, and the Justice Department filed a lawsuit a year later saying they were illegal under antitrust law. Federal judges hearing the cases ruled against Aetna's acquisition of Humana on Jan. 23 and Anthem's $54 billion bid for Cigna on Feb. 8. Aetna will pay Humana a $1 billion breakup fee, or $630 million after taxes, and...

  • Feb 14- Major U.S. stock indexes established record highs on Tuesday, led by bank stocks after Federal Reserve Chair Janet Yellen said it would be unwise to wait too long to raise interest rates.

  • *Yellen says Fed to raise interest rates at an upcoming meeting. Feb 14- Major U.S. stock indexes hit record highs on Tuesday, led by bank stocks after Federal Reserve Chair Janet Yellen said it would be unwise to wait too long to raise interest rates. Apple rose as much as 1.25 percent to an all-time high of $134.95, contributing to gains in the S&P 500, Dow Jones...

  • WASHINGTON, Feb 14- The Federal Reserve will likely need to raise interest rates at an upcoming meeting, Fed Chair Janet Yellen said on Tuesday, although she flagged considerable uncertainty over economic policy under the Trump administration. "Waiting too long to remove accommodation would be unwise," Yellen told the U.S. Senate Banking Committee, citing the...

  • Feb 14- Wall Street reversed course to eke out small gains on Tuesday, led by bank stocks after Federal Reserve Chair Janet Yellen said it would be unwise to wait too long to raise interest rates. Apple rose about 1 percent to hit an all-time high of $134.59, helping the three major indexes to hit fresh record highs for the fourth day in a row. President Donald Trump's...

  • LONDON, Feb 14- Europe's benchmark German bond yield climbed to a one-week high on Tuesday after signals the Federal Reserve was preparing to raise U.S. interest rates. Although Fed Chair Janet Yellen flagged considerable uncertainty over economic policy under President Donald Trump, she said the central bank is likely to need to raise interest rates at an...

  • NEW YORK, Feb 14- Federal Reserve Chair Janet Yellen, in response to a warning from a U.S. congressman to halt global regulatory talks in the early stages of Donald Trump's presidency, said in a letter the Fed has the authority and responsibility to consult with its foreign counterparts and does so to benefit the United States. "We will continue to coordinate with...

  • *Dollar, Treasury yields, bank stock gain on Yellen. Feb 14- Wall Street edged lower on Tuesday after Federal Reserve Chair Janet Yellen said the central bank will likely need to raise interest rates at an upcoming meeting, but expressed uncertainty over economic policy under the Trump administration. While President Donald Trump's pro-business stance...

  • NEW YORK, Feb 14- A gauge of global equity markets dipped on Tuesday and the dollar strengthened as U.S. Federal Reserve Chair Janet Yellen struck a hawkish tone on the timing of an interest rate hike. Yellen said in prepared remarks before the U.S. Senate Banking Committee that the central bank will likely need to raise interest rates at an upcoming meeting,...

  • TORONTO, Feb 14- Canada's main stock index dipped on Tuesday after five straight days of gains that took it to an all-time high, as the materials group lost ground and investors weighed testimony from Federal Reserve Chair Janet Yellen. At 10:36 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 35.88 points, or 0.23 percent, at 15,720.70.

  • Treasury yields jumped on Tuesday after Federal Reserve Chair Janet Yellen said it would be unwise to wait too long to raise interest rates, striking a more hawkish tone than investors expected. The U.S. central bank will likely need to raise rates at an upcoming meeting, Fed Chair Janet Yellen said, although she flagged considerable uncertainty over economic...

  • WASHINGTON, Feb 14- The Federal Reserve will likely need to raise interest rates at an upcoming meeting, Fed Chair Janet Yellen said on Tuesday, although she flagged considerable uncertainty over economic policy under the Trump administration. "Waiting too long to remove accommodation would be unwise," Yellen said in prepared remarks before the U.S. Senate...

  • *Yellen to give testimony in Washington at 10:00 a.m. ET. Feb 14- U.S. stocks were little changed on Tuesday, with the "Trump rally" pausing ahead of a testimony by Federal Reserve Chair Janet Yellen that will be scrutinized for clues on the timing of the next interest rate hike. While President Donald Trump's pro-business stance sparked a record-setting rally in...

  • *Yellen to testify to Congress on Tuesday, Wednesday. President Donald Trump's national security adviser Michael Flynn quit in a controversy over Russia. Investors await the semi-annual economic testimony from Federal Reserve Chair Janet Yellen on Tuesday before Congress where she might drop clues on the probability on a rate increase next month as the...

  • Feb 14- Federal Reserve Chair Janet Yellen, in response to a warning from a U.S. congressman to back off international negotiations in the early stages of Donald Trump's presidency, said in a letter the Fed has the authority and responsibility to consult with its foreign counterparts and does so to benefit the United States. "We will continue to coordinate with...

  • Feb 14- U.S. stock index futures were flat on Tuesday, a day after Wall Street hit record highs and ahead of a speech by Federal Reserve Chair Janet Yellen, which will be scrutinized for the central bank's plan on the timing of interest rate hikes. *Yellen gives a semiannual testimony before the Senate Banking Committee at 10:00 a.m. ET in Washington, facing...

  • LONDON, Feb 14- Stocks flatlined and the dollar dipped on Tuesday as caution set in before testimony from Federal Reserve chief Janet Yellen that may offer clues to the timing of the next U.S. interest rate rise. Adding to pressure on the dollar was the resignation of President Donald Trump's national security adviser Michael Flynn, who quit over revelations he...

  • WASHINGTON, Feb 14- Federal Reserve Chair Janet Yellen goes to Congress on Tuesday for the first time since Republicans took control of the White House and both houses of the legislature with less clarity on the direction of U.S. economic policy than at any time of her three-year tenure. Yellen is due to give semi-annual testimony before the Senate Banking...