WASHINGTON — A Senate panel on Thursday advanced Janet Yellen’s nomination to lead the Federal Reserve, setting up a final vote in the full Senate after lawmakers return from a two-week Thanksgiving break. The Senate Banking Committee approved her nomination ...

Tagged with: Federal Reserve Janet Yellen nomination

WASHINGTON — Janet Yellen says a “strong majority” of Federal Reserve officials think the Fed’s low-interest-rate policies have supported a still-recovering U.S. economy. Yellen says the U.S. economy would likely be weaker if the central bank had not acted aggressively. ...

Tagged with: Federal Reserve Janet Yellen

WASHINGTON — Janet Yellen said Thursday that the U.S. economy has regained ground lost to Great Recession but still needs the Federal Reserve’s support because unemployment remains too high at 7.3 percent. Yellen made those comments in testimony to the ...

Tagged with: Economy Federal Reserve Janet Yellen

WASHINGTON — Capping a lengthy and politically charged search, President Barack Obama will nominate Janet Yellen, the Federal Reserve’s vice chair, to be chairman of the nation’s powerful central bank, succeeding Ben Bernanke at a pivotal time for the economy ...

Tagged with: Janet Yellen