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Janet Yellen

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  • NEW YORK, March 5- The New York Federal Reserve's once-unparalleled authority to oversee Wall Street has been weakened by a series of supervisory missteps and by a consolidation of power at the U.S. central bank's Washington headquarters. Current and former New York Fed employees say its ability to independently regulate the country's largest banks began to...

  • WASHINGTON— Average long-term mortgage rates have fallen for the first time in four weeks and remain near historic lows reached in May 2013. Mortgage giant Freddie Mac said Thursday that the national average for a 30- year, fixed-rate mortgage fell to 3.75 percent from 3.80 percent last week. Fed Chair Janet Yellen delivered the central bank's semiannual...

  • DIARY-Top Economic Events to March 18 Wednesday, 4 Mar 2015 | 7:01 PM ET

    TEXAS- Federal Reserve Bank of Dallas President Richard Fisher speaks on "Reflections on 10 Years at the Fed& Farewell, El Paso" before a community forum hosted by the Federal Reserve Bank of Dallas El Paso Branch- 0000 GMT. SYDNEY- Reserve Bank of Australia Deputy Governor Philip Lowe speaks at the Goldman Sachs 10th Annual Global Macroeconomics Conference- 0130...

  • Gloom and gallows humor in Fed's 2009 transcripts Wednesday, 4 Mar 2015 | 5:01 PM ET

    Federal Reserve officials faced the worst of the Great Recession in early 2009: a collapsing economy hemorrhaging jobs, a plunging stock market, and banks saddled with bad debts, refusing to lend. Yet the transcripts also show that then-Fed Chairman Ben Bernanke and other Fed policymakers were quicker to grasp the magnitude of the downturn than in previous...

  • Fed survey finds US economy growing at moderate pace Wednesday, 4 Mar 2015 | 2:01 PM ET

    The Boston district said businesses in its area remained upbeat despite a series of huge snowstorms. Fed Chair Janet Yellen delivered the central bank's semiannual economic report to Congress last week and indicated that the Fed is still willing to be "patient" in terms of raising interest rates because of weak wage growth and inflation well below the Fed's 2...

  • WASHINGTON/ NEW YORK, March 4- The Federal Reserve struggled with the message being sent by its role in bank bailouts and worried about the impact of a bond-buying program aimed at easing the 2007-2009 financial crisis, according to transcripts released by the U.S. central bank on Wednesday. In a prescient view of future policy, then-San Francisco Fed President...

  • During an emergency call on the morning of Jan. 16, 2009, after the government had announced a $20 billion bailout for Bank of America, then-Fed Chairman Ben Bernanke declared that he was unwilling to allow "the failure of a firm the size of Bank of America." The call underscored the chaotic situation facing the Fed and other government agencies as they confronted a...

  • WASHINGTON/ NEW YORK, March 4- The Federal Reserve struggled with the message being sent by its involvement in bank bailouts in 2009 and worried about its implementation of a bond-buying program aimed at easing the financial crisis, according to transcripts released by the U.S. central bank on Wednesday. "Until the reinforcements arrive, I don't think we have...

  • UPDATE 1-Fed's Evans wants no rate hikes until early 2016 Wednesday, 4 Mar 2015 | 11:15 AM ET

    *Evans does not rule out removing' patient' in March. LAKE FOREST, Ill., March 4- The Federal Reserve should wait until next year before raising interest rates or risk undermining the very recovery it has helped engineer, a top U.S. central banker said on Wednesday. "Given uncomfortably low inflation and an uncertain global environment, there are few benefits and...

  • Federal Reserve took a swipe on Tuesday at unlawful and unethical behavior at banks, saying it raises questions over whether the values embedded on Wall Street have improved enough in recent years. While other Fed officials and bank regulators have complained about the ethics and culture on Wall Street, the stern comments from the country's top financial...

  • Why investors should stay in America: Belski Wednesday, 4 Mar 2015 | 7:26 AM ET
    Brian Belski

    Investors should not lose faith in the U.S. market, BMO Capital Markets' Brian Belski tells CNBC.

  • Yellen lashes out at banks, Wall Street values  Wednesday, 4 Mar 2015 | 7:04 AM ET

    In a speech in New York City, Fed Chair Janet Yellen remarked on "pervasive shortcomings in the values of large financial firms that might undermine their safety and soundness," reports CNBC's Steve Liesman with the details.

  • DIARY-Top Economic Events to March 17 Wednesday, 4 Mar 2015 | 12:01 AM ET

    LAKE FOREST, United States- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic conditions and monetary policy before the Lake Forest-Lake Bluff Rotary Club 2015 Economic Breakfast- 1400 GMT. KANSAS CITY, United States- Federal Reserve Bank of Kansas City President Esther George speaks on the U.S. economy at an event hosted by...

  • WASHINGTON— The Federal Reserve has worked hard to correct the mistakes exposed by the 2008 financial crisis, Fed Chair Janet Yellen said Tuesday. Yellen's remarks came in a speech in New York to the Citizens Budget Commission. Copies of the speech were made available in Washington.

  • Cramer Remix: This makes $ on Lumber Liquidators Tuesday, 3 Mar 2015 | 7:11 PM ET
    Jim Cramer on the set of Mad Money

    “Mad Money” host Jim Cramer spots one company getting the best of this bad story.

  • This is what to watch before Friday’s jobs report Tuesday, 3 Mar 2015 | 6:41 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Wednesday's economic reports will be mined for clues on whether the U.S. economy is strong enough for the Fed to become less "patient" this month.

  • Cramer: Get ready—Fed will cause turmoil in March Tuesday, 3 Mar 2015 | 6:41 PM ET
    Traders on the floor of the New York Stock Exchange.

    Jim Cramer goes off the charts to look at the volatility index and sees that there will be a bumpy road ahead, courtesy of this event.

  • WASHINGTON— Fed Chair Janet Yellen may have gotten a job promotion last year, but her total assets don't appear to have gotten a bump. Her largest asset is a Vanguard Index Trust investment fund valued at between $1 million and $5 million that she owns with her husband. Yellen and her husband also own some individual stocks including ConocoPhillips, Raytheon,...

  • WASHINGTON, March 3- U.S. automakers have written to Federal Reserve Chair Janet Yellen to say the U.S. central bank need not worry about the impact of adding currency rules to trade deals. Yellen warned Congress last week against a bid to crack down on currency cheats and said adding currency rules to trade deals could hobble monetary policy.

  • Bullish on US stocks? This expert says 'YES'  Tuesday, 3 Mar 2015 | 5:07 PM ET

    Jack Bouroudjian, chief investment officer at Index Financial Partners, says reasons to be optimistic on Wall Street include "Yellen, energy and stability."