November 21, 2013 If confirmed by the full Senate in December, Janet Yellen would become the first woman to lead the central bank. She's currently the Fed's vice chairman. Analysts do not expect major policy shifts after the departure of current Chairman Ben Bernanke.
November 14, 2013 Janet Yellen, President Obama's nominee to head the Federal Reserve, has her confirmation hearing Thursday. Before she spoke, there was word that the number of first-time claims filed for jobless benefits fell only slightly last week.
September 26, 2013 We ask a former Fed economist: What does the chairman actually do? The short answer: Runs the meetings. Turns out, this is actually a big deal.
September 16, 2013 Financial markets rallied Monday, a day after Lawrence Summers took himself out of the running to be the next chairman of the Federal Reserve. Summers had been seen as a front-runner to replace Ben Bernanke, whose term expires in January. Now the focus turns to whether Obama will pick Fed Vice Chairman Janet Yellen to be the first woman to run the central bank.
July 17, 2013 The Federal Reserve Chairman continued to soothe investors, saying the Fed would not wind down its bond-buying program until economic conditions improve.
July 12, 2013 A surge in the cost of gasoline fueled a sharp increase in wholesale prices last month. Meanwhile, Bloomberg News is reporting that former Treasury Secretary Lawrence Summers wants to be the next chairman of the Federal Reserve.
July 11, 2013 Stocks surged Thursday after the chief of the Federal Reserve sent signals that the central bank wasn't in a hurry to stop helping the economy. The Standard and Poor's 500 Index closed at a record high.
June 3, 2013 At Princeton's commencement, the central bank chief mixed in some humor with his advice. He even quoted comedienne Lily Tomlin. That's not your typical "Fed speak."