Janet Yellen


  • Jerry Webman, OppenheimerFunds

    Jerry Webman, chief economist at OppenheimerFunds, says that using the Fed's words to time the first rate hike has become a fool's errand.

  • WASHINGTON— The world's central banks are injecting a new complication into the Federal Reserve's decision on when to raise interest rates from record lows:. Last weekend, China's central bank slashed key rates for a second time in three months to try to stimulate the slowing Chinese economy. That move followed the European Central Bank's decision in January...

  • Yellen held onto shares of ConocoPhillips and Phillips 66 last year despite steep slides in the companies' stock prices triggered by the oil price slump, according to her 2014 financial disclosure statement. In 2014, Yellen's ConocoPhillips shares were valued at $50,000 to $100,000 and her Phillips 66 shares at $15,000 to $50,000. ConocoPhillips' stock...

  • Are markets ready for June rate hike? Tuesday, 3 Mar 2015 | 10:57 AM ET
    Kyle Bass at the 2015 WEF in Davos, Switzerland

    Rick Rieder, Jamie Dinan and Kyle Bass all think Janet Yellen is finally going to move rates in June.

  • TOKYO/ SYDNEY, March 3- The dollar pulled back a little from an 11- year peak against a basket of major currencies on Tuesday, with the Australian dollar stealing the spotlight as it surged after the Reserve Bank of Australia stood pat on interest rates. The U.S. currency also was pressured against the yen after Etsuro Honda, an economic adviser to Japanese Prime...

  • *Yield spike on Wall Street rally, mixed data help dollar. SYDNEY/ TOKYO, March 3- The dollar hit a fresh 11- year peak against a basket of major currencies on Tuesday, as rising Treasury yields helped it prevail over its peers. In addition to Wall Street shares hitting fresh record highs on Monday, a batch of mixed data overnight was seen by some as a driving the rise in...

  • MELBOURNE, March 3- London copper slipped on Tuesday from a seven-week peak hit the session before as expectations of rising U.S. interest rates pushed up the dollar and flattened commodity prices. *The most-traded May copper contract on the Shanghai Futures Exchange slipped 0.6 percent to 42,600 yuan a tonne. *Newmont Mining Corp's Indonesian copper export...

  • MANILA, March 3- Gold was steady above $1,200 an ounce on Tuesday after falling off a two-week peak the session before, struggling to push higher as the dollar hovered near an 11- year high. *Spot gold was nearly flat at $1,207.25 an ounce by 0012 GMT. It touched a two-week high of $1,223.20 on Monday on firm Chinese demand before closing lower.

  • SINGAPORE, March 3- U.S. crude held above $49 a barrel on Tuesday on expectations of a smaller build in stockpiles at Cushing, the delivery point for the contract, despite forecasts pointing to a new record high in the nation's inventories. *U.S. crude futures edged up 24 cents to $49.83 a barrel by 2350 GMT, after falling 17 cents in the previous session.

  • DIARY-Top Economic Events to March 15 Monday, 2 Mar 2015 | 7:01 PM ET

    LONDON- Bank of England's Paul Fisher speaks at the Economist's Insurance Summit 2015- 0910 GMT. LONDON- Bank of England's Anthony Habgood and Governor Mark Carney appears before Treasury Select Committee- Grabiner Report- 1000 GMT. LAKE FOREST, United States- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic conditions and...

  • Traders look to auto sales to drive stocks higher Monday, 2 Mar 2015 | 5:56 PM ET
    A man browses 2014 Ford Motor Co. F-150 trucks displayed for sale at Uftring Ford car dealership in East Peoria, Illinois, U.S., on Monday, March 2, 2015.

    Stocks could stay on cruise control, with auto sales as a potential catalyst, as traders watch for another new high in the Nasdaq.

  • Fed has 'golden' chance to tighten: Druckenmiller Monday, 2 Mar 2015 | 4:32 PM ET

    The founder of Duquesne Capital Management said that the Fed risks disrupting the U.S. economy if it waits to raise interest rates.

  • Dollar nudges 11-year high as euro gives up gains Monday, 2 Mar 2015 | 3:27 PM ET

    The dollar edged up with the greenback touching an 11-year peak despite soft economic data.

  • *Consumer spending falls 0.2 percent in January. WASHINGTON, March 2- U.S. consumer spending fell for a second straight month in January as households continued to cut back on purchases, opting to save much of the massive windfall from cheaper gasoline. All the gas savings are ending up at the bank rather than being spent, "Thomas Costerg, an economist at Standard...

  • Audit the Fed? Bad idea: Ron Insana Monday, 2 Mar 2015 | 12:42 PM ET
    Janet Yellen

    Ron Insana says Congress should not be auditing the Fed. Period.

  • FOREX-Dollar touches 11-year peak as euro gains fade Monday, 2 Mar 2015 | 11:58 AM ET

    *ECB policymakers meet in Cyprus on Wednesday, Thursday. The yen was off 0.45 percent at 120.07 yen to the dollar in late-morning New York trade. "The dollar's long-term trend is up but it now is in some consolidation," said Paul Christopher, international strategist at Wells Fargo in St Louis.

  • *Palladium reaches 5-1/ 2- month high at $829.30/ oz. LONDON, March 2- Gold steadied on Monday as investors cashed in gains after upbeat Asian demand earlier lifted the metal to two-week highs, with expectations for a rise in U.S. interest rates later this year keeping a lid on prices. Earlier spot prices rose to $1,223.20 an ounce, their highest since Feb. 17, after an...

  • Santelli: Treasurys remain in tight range  Monday, 2 Mar 2015 | 9:44 AM ET

    CNBC's Rick Santelli discusses the latest action in the bond market, and the U.S. dollar.

  • WASHINGTON— U.S. consumers spent less for a second consecutive month in January, but the weakness came from a big decline in gas prices. Consumer spending declined 0.2 percent in January following a 0.3 percent drop in December, the Commerce Department reported Monday. "Even though households didn't take full advantage of their savings on gasoline in January,...

  • Consumer spending falls for a second straight month Monday, 2 Mar 2015 | 8:31 AM ET

    U.S. consumer spending fell for a second straight month in January, as lower gasoline prices continued to weigh on receipts at service stations.