Janet Yellen

SINGAPORE (Feb 2): The Federal Open Market Committee, meeting for the last time under outgoing chair Janet Yellen, left the federal funds rate unchanged on Jan 31 while paving the way for rate hikes under Yellen’s successor Jerome Powell.

(Feb 1): Federal Reserve officials, meeting for the last time under Chair Janet Yellen, left borrowing costs unchanged while adding emphasis to their plan for more hikes, setting the stage for an increase in March under her successor Jerome Powell.

(Nov 2): It looks like Jerome “Jay” Powell is set to replace Janet Yellen as Fed Chair and he will face a tough job in judging the amount of tightening needed over the coming years.

(Oct 15): Federal Reserve Chair Janet Yellen said that the US central bank expects to continue to raise interest rates gradually as solid growth, a strong labor market and a healthy global economy lift prices even as she recognised that inflation has been

NEW YORK/HONG KONG (Oct 16): People’s Bank of China Governor Zhou Xiaochuan warned that Chinese companies have taken on too much debt, and argued for less financial leverage as well as fiscal reforms to constrain local government borrowing.

WASHINGTON (July 13): Federal Reserve Chair Janet Yellen said the US economy should continue to expand over the next few years, allowing the central bank to keep raising interest rates, while also stressing a gradual approach to tightening as the Fed moni

WASHINGTON (June 15): Federal Reserve officials forged ahead with an interest-rate increase and additional plans to tighten monetary policy despite growing concerns over weak inflation.

WASHINGTON (May 4): Federal Reserve officials remained on track to gradually tighten monetary policy after leaving interest rates unchanged and signaling they were not alarmed by recent US economic weakness.

WASHINGTON (April 11): Federal Reserve Chair Janet Yellen said the US central bank’s task has shifted from a post-crisis exercise of healing the economy to one aimed at holding on to progress made.

(March 16): The Federal Reserve did more today than increase its benchmark interest rates by a quarter-point, only the third hike in more than 10 years -- it also took an important step forward in a gradual policy transition.