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Janet Yellen's first meeting as chairwoman of the U.S. Federal Reserve and press conference, March 18, 2014
03/19/2014
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
Elevated Level of Part-Time Employment: Post-Recession Norm?
Wall Street Journal 11.13.2014
Yellen’s First Year at Fed: A Remarkably Steady Course
New York Times 12.22.2014
U.S. Adds 223,000 Jobs in April; Jobless Rate Falls to 5.4%
Wall Street Journal 05.09.2015
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