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All Posts Tagged Tag: ‘Janet Yellen’

Janet Yellen to Make First Speech as New Fed Chair

Janet Yellen, as the newly appointed Fed chair and first woman to ever hold the post, will make her first comments today before the House Financial Services Committee and then Thursday before the Senate Banking Committee. She has addressed these committees before as vice chair for three years and as a leading economist for a long time, but now she …

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Janet Yellen Confirmed as Next Federal Reserve Chair

Yesterday, the Senate voted 56-26 to usher in Janet Yellen as the next Chair of the Federal Reserve. Yellen’s acceptance came as no surprise, especially seeing as she was easily approved by the Senate Banking Committee in November. Yellen is the first woman to ever head the Federal Reserve and is expected to continue the country on the path it …

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Mortgage Rates Fall Significantly, Surveys Show

Mortgage rates fell to one of the most extreme lows this year during the week ending November 21. According to a national weekly survey by Freddie Mac, results concluded that declines in manufacturing growth (industrial products) lowered the rates by 0.1% last month. Freddie Mac chief economist Frank Nothaft spoke about the lowered rates after the results of said survey …

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Janet Yellen Approved for Fed by Senate Committee

Thursday morning, the Senate Banking Committee approved Janet Yellen’s nomination to become the next Chair of the Federal Reserve by a 14 to 8 vote. This vote comes as no surprise to political pundits, especially seeing as Democrats hold 12 of the 22 seats on the committee and Yellen has been supported by Democrats and Republicans, alike, before the vote …

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Janet Yellen Nominated to Lead Federal Reserve

As expected, President Obama announced Wednesday that he would be nominating Fed vice chairwoman Janet Yellen to lead the Federal Reserve. She would replace retiring chairman Ben Bernanke. “For nearly 8 years, Ben has led the Fed through some of the most daunting economic challenges of our lifetime…Against the volatility of global markets, he’s been a voice of wisdom, and …

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Obama Nominates Yellen To Fed Chief Position

President Obama will nominate the Vice Chair of the Federal Reserve, Janet Yellen, to fill Ben Bernanke’s position as chairman of the nation’s central bank when Bernanke’s term ends on January 31st. The fact that Janet will be the first woman to head the organization especially in the middle of the present economic climate is being widely discussed and, in …

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Larry Summers Withdraws Name from Fed Chair Debate

In somewhat surprising news Sunday, Larry Summers has withdrawn his name for the discussion of who will replace Ben Bernanke as Chair of the Federal Reserve when his term ends in January. All signs seemed to point to Summers as Obama’s first choice to replace Bernanke, which is what makes the news surprising. However, Summers has recently come under much …

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