Discussing Fed Chair Janet Yellen's view on the economy and the recovery, with Brian Levitt, Oppenheimer Funds senior economist; Jared Bernstein, Center on Budget and Policy Priorities senior fellow; and CNBC's Steve Liesman.» Read More
*Top U.S. central banker stresses need for stimulus. NEW YORK, April 16- Persistently low inflation poses a more immediate threat to the U.S. economy than rising prices, Federal Reserve Chair Janet Yellen said on Wednesday, stressing that the U.S. central bank would be delivering policy stimulus for some time to come.
*Yahoo rallies after results; BofA falls. NEW YORK, April 16- U.S. stocks rose 1 percent on Wednesday, advancing for a third straight session as Federal Reserve Chair Janet Yellen reaffirmed the central bank's commitment to keeping interest rates low and Yahoo rallied.
NEW YORK, April 16- The dollar rose to the highest level in a week against the yen on Wednesday on signs of future buying of Tokyo stocks by Japan's state pension fund, but edged lower against the euro on traders' view that the Federal Reserve is maintaining a dovish stance.
WASHINGTON, April 16- Two U.S. senators on Wednesday pushed the Federal Reserve to write tough new rules to limit Wall Street's role in commodity markets, stepping up pressure for a clampdown on some of the country's largest banks.
WASHINGTON— A Federal Reserve survey shows economic growth picking up across most of the United States over the past two months as bitter winter weather subsided. Only Cleveland and St. Louis reported slower growth.
WASHINGTON, April 16- U.S. economic activity picked up in recent weeks as a weather-related drag lifted, the Federal Reserve said on Wednesday. Chicago reported that growth had picked up, while New York and Philadelphia said activity had rebounded from slowdowns related to severe weather earlier in the year.
NEW YORK, April 16- Federal Reserve Chair Janet Yellen said on Wednesday the U.S. economy appeared to be slowly moving toward full employment, but that it would need help from the central bank for some time to come. "I do think we are seeing very meaningful progress, although clearly... the goal has not been achieved at this point," she told the Economic Club of New York.
Fed Chair Janet Yellen addressed current economic and labor conditions at the Economic Club of New York on Wednesday. Andrew Slimmon, Morgan Stanley Wealth Management, and Mike Holland, Holland & Company Chairman, provide perspective.
Federal Reserve Chair Janet Yellen remarks on its commitment to protecting inflation if it threatens to rise persistently above 2 percent.
Federal Reserve Chair Janet Yellen discusses varying economic conditions around the world, and the strength of U.S. banking organizations.
Federal Reserve Chair Janet Yellen addresses the economic headwinds the economy has faced since the financial crisis, and what the private and public sector can do to address "disturbing trends" in the labor market.
FMHR trader Stephen Weiss expects a lift in the developed markets based on comments made by Fed Chair Janet Yellen.
NEW YORK— Federal Reserve Chair Janet Yellen said Wednesday that the U.S. job market still needs help from the Fed and that the central bank must remain intent on adjusting its policy to respond to unforeseen challenges.
CNBC's Steve Liesman provides insight into the highlights of Fed Chair Janet Yellen's comments at The Economic Club of New York.
NEW YORK, April 16- The length of time the Federal Reserve keeps its key interest rate near zero will depend on how far the U.S. economy remains from the central bank's employment and inflation goals, and how long it will likely take to meet them, Fed Chair Janet Yellen said on Wednesday.
CNBC's Bob Pisani and Art Cashin, of UBS, discuss Tuesday's solid reversal. And Cashin explains why traders are nervous Facebook is throwing its stock around. It looks like the curse is off, says Cashin, sharing his thoughts on the turnaround in biotech, gold mining and pharmaceuticals.
NEW YORK, April 16- The dollar edged lower against the euro for the first time in four trading sessions on Wednesday ahead of Federal Reserve Chair Janet Yellen's comments, but rose against the yen on signs of future buying of Tokyo stocks by Japan's state pension fund.
Food prices are rising. After two months of sharp increase, grocers had no alternative but to raise their prices, making consumers unhappy.
The Fed should try to make communications on the expected path of rates and the economy consistent with policy statements, a top official said.
FARGO, North Dakota/ BANGOR, Maine, April 15- The U.S. "If you commit to keeping rates low even as the recovery is proceeding, even as we continue to recover, I think people have a sense, the Fed has the recovery's back," Minneapolis Federal Reserve Bank President Narayana Kocherlakota said at North Dakota State University.
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