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Yellen signals growing likelihood of Dec. rate hike
WASHINGTON — Federal Reserve Chair Janet Yellen told Congress on Thursday that economic conditions appear to be improving enough for policymakers to raise interest rates when they meet in two weeks — as long as there are no major shocks that undermine confidence. Yellen said that even after the first rate hike, the Fed expects […]
Yellen says bank regulators making progress in reforms
WASHINGTON — Federal Reserve Chair Janet Yellen on Wednesday described stock market valuations as high and said the central bank was carefully monitoring their impact on financial stability. “I would highlight that equity market valuations at this point generally are quite high,” Yellen said in conversation with Christine Lagarde, managing director of the International Monetary [&hel[...]
With economy uncertain, no Fed rate hike is seen before fall
WASHINGTON — For 6½ years, the Federal Reserve has held its key interest rate near zero, and for nearly that long the financial world has speculated about when the Fed will start raising it. Don’t look for it soon. That’s the view of most economists, who say a still-subpar economy and still-low inflation will keep […]
Yellen pledges clear signals for Fed rate policies
PARIS — Federal Reserve Chair Janet Yellen said Friday that the Fed is striving to clearly communicate its intentions on interest rates in order to minimize surprises that could disrupt financial markets both in the United States and globally. She said central bank policymakers understand that moving from a period of very low interest rates […]
Yellen greatly concerned by widening inequality
WASHINGTON — Federal Reserve Chair Janet Yellen sounded an alarm Friday about widening economic inequality in the United States, suggesting that America’s longstanding identity as a land of opportunity was at stake. The growing gap between the rich and everyone narrowed slightly during the Great Recession but has since accelerated, Yellen said in a speech […]
Yellen says economy still needs Fed support
WASHINGTON (AP) — Federal Reserve Chair Janet Yellen said Tuesday that the economic recovery is not yet complete and for that reason the Fed intends to keep providing significant support to boost growth and improve labor market conditions. In delivering the Fed’s semi-annual economic report to Congress, Yellen said the Fed’s future actions will depend […]
Yellen: Mega-banks might need to hold more capital
WASHINGTON (AP) — Federal Reserve Chair Janet Yellen said Tuesday that the largest U.S. banks might need to hold additional capital to withstand periods of financial stress. Yellen told a banking conference in Atlanta that current rules on how much capital banks must hold to protect against losses don’t address all threats. She said the […]
Yellen: Job market needs low rates ‘for some time’
WASHINGTON (AP) — Federal Reserve Chair Janet Yellen made clear Monday that she thinks the still-subpar U.S. job market will continue to need the help of low interest rates “for some time.” Yellen’s remarks signaled that even after the Fed phases out its monthly bond purchases later this year, it has no plans to raise […]
Yellen to put Fed’s new leadership on display
WASHINGTON — The Janet Yellen era at the Federal Reserve begins in earnest this week with a two-day meeting, a policy statement and fresh economic forecasts. Yet all that will be a prelude to the marquee event: Yellen’s first news conference as Fed chair. The financial world will be parsing every word for any hint […]
Yellen: Fed monitoring recent economic data
WASHINGTON — Federal Reserve Chair Janet Yellen noted Thursday that some recent economic data have pointed to weaker-than-expected gains in consumer spending and job growth. She said the Fed will be watching to see whether the slowdown proves only a temporary blip caused by severe winter weather. Yellen told the Senate Banking Committee that the […]
Yellen: Expect continuity at the Fed
WASHINGTON — Federal Reserve Chair Janet Yellen sought Tuesday to reassure investors that she will embrace the approach to interest-rate policy that her predecessor, Ben Bernanke, pursued before he stepped down as chairman last month. Yellen told Congress that if the economy keeps improving, the Fed will take “further measured steps” to reduce the support […]
Yellen faces challenges as Fed trims bond buys
WASHINGTON — Janet Yellen will take the helm of a Federal Reserve facing a significantly different economic landscape from the one that dominated Ben Bernanke’s tenure as chairman, confronting her with different decisions as well. Bernanke’s eight years leading the Fed were largely consumed with the Great Recession and his efforts to cure it by […]
Case Digests
- NYS Advisory Committee on Judicial Ethics – Attorney misconduct: Opinion 22-164
- NYS Advisory Committee on Judicial Ethics – Independently written bench book: Opinion 22-163
- Fourth Department – Suppression: People v. Saeli
- Second Circuit – RICO: Horn v. Medical Marijuana Inc.
- NYS Advisory Committee on Judicial Ethics – Uncompensated interview: Opinion 22-159
- NYS Advisory Committee on Judicial Ethics – Uncompensated guest speaker: Opinion 22-158
- Fourth Department – Negligent performance: Rosenthal v. Syracuse University, et al.
- Second Circuit – Visual Artists Rights Act: Kerson v. Vermont Law School Inc.
- NYS Advisory Committee on Judicial Ethics – Former foreclosure referee: Opinion 22-157
- NYS Advisory Committee on Judicial Ethics – College honorarium: Opinion 22-156
- Second Circuit – Reasonable accommodation: Tafolla v. Heilig
- Fourth Department – Labor Law: Primisch v. Peroxychem LLC
Law News
- Appeals court upholds Supreme Court ruling
- Assistant district attorney appointed City Court judge by Rochester mayor
- Murder conviction affirmed despite trial judge error
- NY appeals court upholds conviction in burglary case
- Federal lawsuit reinstated against jail officer over strip search, delayed release
- Hyzon to pay $25M penalty to settle alleged fraud charges by SEC
- NY appeals court reinstates lawsuit over contract to remove snow
- Fourth Department affirms $400K judgment in contract dispute
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