janet

Fed’s Yellen says ‘high-pressure’ policy may be only way back from crisis

The Federal Reserve may need to run a “high-pressure economy” to reverse damage from the 2008-2009 crisis that depressed output, sidelined workers, and risks becoming a permanent scar, Fed Chair Janet Yellen said on Friday in a broad review of where the recovery may still fall short. Prices on longer dated U.S. Treasuries

More: 
Fed’s Yellen says ‘high-pressure’ policy may be only way back from crisis

janet

Verizon strike seen lowering U.S. May payrolls by 35,000 jobs

The department's monthly strike report showed 35,100 Verizon employees were idle during the survey period for the May payrolls count. Striking workers who do not receive a paycheck during the period are considered unemployed. Labor Secretary Thomas Perez said on Friday that Verizon and unions representing the striking workers had reached a tentative deal.

See the original post:
Verizon strike seen lowering U.S. May payrolls by 35,000 jobs

janet

Yellen says Fed rate hike likely appropriate in coming months

The Federal Reserve should raise interest rates “in the coming months” if the economy picks up as expected and jobs continue to be generated, U.S. central bank chief Janet Yellen said on Friday, bolstering the case for a rate increase in June or July. “It's appropriate … for the …

See the original post: 
Yellen says Fed rate hike likely appropriate in coming months

janet

Janet Yellen: An orthodox economist for unorthodox times

By Jason Lange WASHINGTON (Reuters) – Janet Yellen is guiding the Federal Reserve towards its first rate rise in a decade armed with traditional economic models that some economists worry could fail her in a world of massive money printing and …

Read the original: 
Janet Yellen: An orthodox economist for unorthodox times