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Yellen's emphasizes she will look at a broad range of indicators including inflation, jobless for over 6 months and parttime workers who want full time jobs, and fianncial market developments. The Fed continued to reduce its bond purchases- from $65 billion to $55 billion a month. The Fed said plans were to increase short term interest rates about 6 months after the bond purchases end in the fall of 2014, but to do so very gradually and in small increments. A majority of economists interpreted this to mean the Fed will not increase rates till 2015, especially considering the focus on broad indicators includes other aspects of the unemployment picture that are not included in the unemployment rate.
Grouped Articles
Wall Street Journal 03/20/2014
Fed Cuts Bond Buying by Another $10 Billion
New York Times 03/19/2014
Hiring Rises, but Number of Jobless Stays High
New York Times 04/04/2014
In Tepid Wage Growth, a Potent Sign of a Still-Fragile Economy
New York Times 05/05/2014
Recognizing Bubbles But Still Cautious About Deflating Them
New York Times 09/10/2014
Yellen Goes on Road to Investigate Health of the Jobs Market
New York Times 10/16/2014
Low rates of quitting jobs or "churn" in the labor force and the different recovery in the U.S. labor market in 2011-2013. A healthy quit rate promotes upward mobility according to economists Steve Davis and Janet Yellen.
Grouped Articles
Workers Shed Caution, in a Healthy Sign for Labor Market
Wall Street Journal 02/10/2014
Yellen’s Not on Team Krueger When it Comes to Inflation and the Unemployed
Wall Street Journal 04/16/2014
Yellen Goes on Road to Investigate Health of the Jobs Market
New York Times 10/16/2014
Sanders, Corbyn and the coming debate inside the Democratic Party - The Washington Post
Washington Post 09/13/2015
Wall Street Journal 02/08/2012
Piecing Together the Job-Picture Puzzle
Wall Street Journal 03/12/2012
Yellen's position is that it is premature to assume low short term unemployment at a time of high long tem unemployment will lead to increasing inflation. Krueger's research shows that this can happen. Yellen prefers to go by a range of indicators and look at the overall picture of evidence from economic trends including deflationary trends in Europe, low inflation and low wage pressures in the U.S. with slack in the economy.
Grouped Articles
Yellen’s Not on Team Krueger When it Comes to Inflation and the Unemployed
Wall Street Journal 04/16/2014
Yellen Says Job Weakness Forestalls Raising Rates
New York Times 04/16/2014
Hiring Is Strong and Jobless Rate Declines to 6.1%
New York Times 07/03/2014
WSJ's Hilsenrath: Fed Can Be Patient on Rate-Hike Debate After Data
Wall Street Journal 08/02/2014
Yellen Goes on Road to Investigate Health of the Jobs Market
New York Times 10/16/2014
Applebaum provides an depth look after many intervews with people close to to Janet Yellen. He points out the influence of the thinking on unemployment of Pofessor James Tobin of Yale on Yellen. A must read for people interested in insights into her thinking.
Grouped Articles
Yellenâs Path From Liberal Theorist to Fed Voice for Jobs
New York Times 10/09/2013
Yellen’s Not on Team Krueger When it Comes to Inflation and the Unemployed
Wall Street Journal 04/16/2014
Yellen Tells N.Y.U. Graduates to Expect Failure and Learn From It
New York Times 05/21/2014
Fed's Yellen Defends Low Rates
Wall Street Journal 07/03/2014
Activists to Fed: Premature Rate Hikes Would Hurt Poor
Wall Street Journal 08/23/2014
Recognizing Bubbles But Still Cautious About Deflating Them
New York Times 09/10/2014
Grouped Articles
Don’t Expect Job Data Alone to Persuade Fed on Rates
New York Times 01/23/2014
A Fed Policy Maker, Changing His Mind, Urges More Stimulus
New York Times 01/27/2014
Confronting Old Problem May Require a New Deal
New York Times 01/28/2014
More Men in Prime Working Ages Don't Have Jobs
Wall Street Journal 02/06/2014
Wall Street Journal 02/08/2014
Fed's Yellen Sets Course for Steady Bond-Buy Cuts
Wall Street Journal 02/12/2014
The Fed chairman tells a Boston Fed conference on inequality that it is fair to ask whether equal opportunity on which Americans place importance is not a part of core American values.
Grouped Articles
Fed’s Yellen Says Extreme Inequality Could Be Un-American
Wall Street Journal 10/17/2014
Janet Yellen Warns of Inequality Threat
New York Times 10/17/2014
How Quantitative Easing Contributed to the Nation's Inequality Problem
New York Times 10/22/2014
Yellen Goes on Road to Investigate Health of the Jobs Market
New York Times 10/16/2014
Yellen’s First Year at Fed: A Remarkably Steady Course
New York Times 12/22/2014
Income Inequality Is Costing the U.S. on Social Issues
New York Times 04/28/2015
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