Jan 19 2017
While the background on what the Fed's role is, the reality is that investors, economists, job seekers, consumers and borrowers alike all wonder just how far the FOMC plans to raise interest rates and over what sort of time period.
"In that scenario, we could be forced to raise interest rates rapidly, which in turn could push the economy into a new recession".
In her speech, though, Yellen said while rates are expected to move higher in the coming years, inflation is still running below the Fed's objective, and by some measures, there's room left for improvement in the labor market.
Federal Reserve Chair Janet Yellen says the economy has come a long way in recovering from the 2008 financial crisis, and the Fed is getting close to achieving its goals of maximum employment and stable inflation.
In either of those events, the USA central bank would have to raise rates quickly, which could lead to a recession, she said.
However, she emphasized that forecast could change significantly depending on the economy's performance in the Trump era.
Rising interest rates "means that, although the interest rates you pay on, say, your auto loan or mortgage or credit card likely will creep higher, they probably will not increase dramatically".
Dakota Access protest arrests surpass 600
Now, a legislator wants to give motorists a pass if they happen to hit one of the protesters. Keith Kempenich told the paper.
'123456' still the most common password, despite hacks and warnings
For the study, the team scoured 10 million passwords that became public through data breaches that occurred previous year . This is stunning given that today's brute-force cracking software and hardware can unscramble those passwords in seconds.
North country residents gear up for Washington Women's March
Fillion said she met numerous 50 women she will be traveling with last weekend when they had a logistical meeting. I'm planning to go the Women's March in Montreal, held at the same time as the larger demonstration in D.C.
"Right now our foot is still pressing on the gas pedal".
Bond were lower ahead of Yellen's speech, with the two-year yield - sensitive to interest-rate expectations - up three basis points to 1.189% at 2:43 p.m.
Waiting to long to raise rates could result in a "nasty surprise", the Fed chairwoman said.
Her speech comes to markets ahead of the main highlight of this week, which is President-elect Donald Trump's inauguration and speech on Friday.
The 3 percent level for the Fed's target for the federal funds rate, the interest that banks charge each other, is the point that the Fed now believes is the so-called neutral rate - the level where the Fed's interest rate policies are not spurring growth or holding it back.
Without commenting directly on Trump, Yellen said she will "closely follow" the many new economic policies that are under discussion.
Jan 19 2017
ISI behind Kanpur train accidents: Bihar police
Just over a month later, more than 50 people were injured when Ajmer-Sealdah Express derailed, again near Kanpur, on December 28. RPF is also in touch with the Bihar police and is coordinating efforts to reach the bottom of the conspiracy.
Jan 18 2017
Auto emissions 'cheatware' scandal sparks war of words between Italy, Germany
The EPA said it was investigating whether the software can be classified as a form of "defeat device", which would be illegal. An EU official has told Reuters that the Commission had taken emissions measurements on one rented Fiat 500X model.
Jan 17 2017
Oil prices edge up on China crude imports
In an attempt to assure compliance, OPEC set up an oversight committee to keep participating nations' production in check. Investors have doubted that OPEC and its allies can trim output enough to push up prices.
Jan 17 2017
Bahrain city hall set on fire after execution of three prisoners
A court upheld their death sentences last Monday and they were executed yesterday by being shot in the heart. Activists condemned the executions and warned the move would undermine security.
Jan 17 2017
Sikh Soldier's Punjabi song full of grievances, goes viral
It adds that food which is made for Indian palate will "tremendously enhance the motivation levels" of soldiers. Secondly, he said that such acts in the future is punishable, as they affect the overall morale of the forces.
Jan 16 2017
YouTube in new bid to monetize livestreams
At the end of the month, Super Chat will launch in 40 countries (for viewers) and in 20 countries for YouTube video creators. This seems like a nice way to replace Fan Funding, as the viewer gets more out of the deal.
Jan 15 2017
At Paris meeting, major powers to warn Trump over Middle East peace
Twelve retired French ambassadors wrote in Le Monde that "It would be to the honour of France to recognise the Palestinian state". The US embassy, as well as other foreign missions, is located in Tel Aviv, Israel's economic and diplomatic capital.
Jan 15 2017
The First Suspects In Kim Kardashian's Robbery Have Been Charged
Seven suspects have been released including a chauffeur who was used by Kardashian during her stay. Both worked for the same vehicle service company, but Michael Madar was freed earlier this week.
Jan 12 2017
This Is The 444bhp, Turbocharged Porsche 911 GTS
The Porsche Carrera 4 GTS Coupe manages the sprint from zero to 100 km/h in 3.6 seconds with a top speed in excess of 300 km/h. The 2017 Porsche 911 GTS models are powered by a 3.0-liter flat-six engine that are equipped with larger turbochargers.
Jan 12 2017
Galaxy S8 Revealed In First Leaked Image?
The previous leaks were what would refer to as "sparse" giving very little information on the unannounced Samsung smartphone. It was doing so well until the *cough* Note 7, but the company will pull out all the stops in 2017 to reverse its fortunes.
Jan 18 2017Gambian foreign minister resigns as Jammeh becomes more isolated
Jan 17 2017Eight billionaires 'own same as half the world'
Jan 16 2017Luis Suarez hits brace in thumping Barcelona win
Jan 15 2017Harry Kane hits hat-trick as Tottenham power past West Brom
Jan 14 2017Reliance Jio may soon launch a VoLTE feature phone below Rs 1500
Jan 13 2017Trump's Nazi Germany tweet puzzles German FM
Jan 13 2017Carrie Fisher's death certificate confirms heart attack
Jan 13 2017French far-right leader Marine Le Pen visits Trump Tower
Jan 13 2017Fifa World Cup to feature 48 teams from 2026
Jan 12 2017Nokia Not Stopping With the Nokia 6, More Announcements Set for MWC
Jan 19 2017Egyptian football star Mohamed Aboutrika placed on 'terror' list
Jan 18 201715 states involved in milk lawsuit refund
Jan 16 2017Obama eases Sudan sanctions
Jan 15 2017Ted Cruz to Mark Levin: 'Very Likely' Sessions Will Be Confirmed
Jan 14 2017United States appeals court revives Apple App Store antitrust lawsuit
Jan 14 2017Morocco Bans Niqab, Burqa for Security Reasons
Jan 13 2017Radwanska and Konta to clash in Sydney final
Jan 13 2017United Kingdom studying annual levy on skilled European Union workers, minister says
Jan 13 2017Taylor Trupiano, Michigan man, ticketed for warming vehicle in driveway
Jan 12 2017Jamie Foxx addresses alleged restaurant attack: 'Everybody's good'
Jan 12 2017Wraps off Infiniti QX50 Concept at Detroit Motor Show
Jan 12 2017Honoring the legacy of Martin Luther King