Federal Reserve officials' stance on monetary policy is mostly affected by the direction of the economy. Although they raised the federal funds rate in December, current economic conditions may not warrant another increase for awhile.
Read More »Interest Rate Hike Still a 2015 Possibility, Pending Economic Improvements
Federal Reserve Chair Janet Yellen served as the lone witness in a House Financial Services Committee hearing on Wednesday titled "Monetary Policy and the State of the Economy.” In the semiannual report to Congress, Yellen was questioned about the highly anticipated rate increase, among other topics such the overall state of the economy, inflation, employment, and monetary policy. She maintained her position on the uncertainty of the rate increase until further economic improvement occurs.
Read More »Congress to Cover Economy, Monetary Policy, and Agencies’ Activities in Hearings
Two hearings examining the activities of government agencies and two hearings covering the nation's monetary policy and economy will take place in Congress this week. Federal Reserve Chair Janet Yellen will be the lone witness in the two hearings on monetary policy.
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