A U.S. Treasury official and a director at the New York Federal Reserve are among those who have been considered to replace two hawkish Fed policymakers, according to people familiar with the searches.» Read More
NEW YORK, Dec 17- The S&P 500 scored its best day since October 2013 on Wednesday as the Federal Reserve gave an upbeat assessment of the economy and said it would take a patient approach toward lifting interest rates. "This is the market saying,' Ah, I get it,' the Fed does not want to be in the business of disruption, this is a steady monetary policy and the Fed will continue...
Dec 17- Call it patience or any of the rest of the seven virtues if you like, but the truth is that the Fed can't raise interest rates because inflation won't play along. The Federal Reserve said on Thursday it is prepared to be "patient" before hiking rates but that this means the same as its former future guidance of a "considerable time." Fed chair Janet Yellen at the...
*FOMC stresses patience in normalizing interest rates. *Yellen sees boost for U.S. from oil drop, downplays risk. NEW YORK, Dec 17- U.S.
CNBC's Steve Liesman asked Fed Chair Janet Yellen about oil's impact on inflation and monetary policy. Insight, with Diane Swonk, Mesirow Financial and Brian Jacobsen, Wells Fargo Advantage Funds, who still thinks the Fed is dovish.
Discussing how equities and yields digested comments by Fed chair Janet Yellen, with Jack Bouroudjian, Index Financial Partners; CNBC's Rick Santelli and Steve Liesman.
Federal Reserve Chair Janet Yellen, shares her expectations for the housing market.
NEW YORK, Dec 17- U.S. stock prices jumped and the dollar strengthened on Wednesday after the Federal Reserve signaled America's economy was strong enough to handle interest rate hikes at some point in 2015, but emphasized that shifts in policy would be gradual. Wall Street, coming off three days of declines, had risen with steep gains in energy stocks even before...
NEW YORK, Dec 17- U.S. stocks were up more than 1 percent in Wednesday afternoon trading as the Federal Reserve gave an upbeat assessment of the economy and said it would take a patient approach toward lifting interest rates, a view that investors embraced. Stocks extended sharp gains following the statement but pared some of that increase heading into the close...
NEW YORK, Dec 17- The U.S. dollar rallied against major currencies after the Federal Reserve's latest policy statement and comments from Fed Chair Janet Yellen signaled the central bank was on track to hike rates next year. The euro was last down 1.28 percent against the dollar at $1.2346 after hitting $1.2322, its lowest level against the greenback since Dec. 9.
Federal Reserve Chair Janet Yellen, addresses the three dissents within the Federal Reserve committee.
Federal Reserve Chair Janet Yellen, answers to why the committee sees unemployment declining slightly below the longer run natural rate.
Federal Reserve Chair Janet Yellen, discusses whether the committee is concerned over economic developments in Russia.
Federal Reserve Chair Janet Yellen, remarks on the Fed's strategy to normalizing policy.
Federal Reserve Chair Janet Yellen, discusses what it would take for her committee to have reasonable confidence inflation is headed back to 2 percent.
Federal Reserve Chair Janet Yellen, shares her view of movements in oil prices.
Federal Reserve Chair Janet Yellen discusses whether the committee has concern over global developments on deflation.
Federal Reserve Chair Janet Yellen, remarks on the range of views on the committee about when the lift in rates would be appropriate.
Federal Reserve Chair Janet Yellen provides insight to an update to the committee's forward guidance for the federal funds rate indicating it can be patient in beginning to normalize the stance in monetary policy.
CNBC's Bob Pisani dissects the move higher in the S&P 500 after the FOMC statement. The Fed said the effects of lower oil prices are transitory in nature.
Reacting to the FOMC statement, with Lindsey Piegza, Sterne Agee; David Kelly, JPMorgan Funds; Bob Doll, Nuveen Asset Management; and CNBC's Steve Liesman. The Fed has kept its key phrase of "considerable time."