Former Treasury Secretary Janet Yellen Weighs In on Trump’s Battle with the Federal Reserve

Janet Yellen explains.

Trump Dumps First Woman Fed Chair For Investment Banker

It's a shame to see Janet Yellen, who did an "outstanding job" as chair of the Federal Reserve, get fired in favor of an investment banker who doesn't have a background in economics, says Dean Baker, co-director at CEPR

Trump Set to Nominate Jerome Powell as Fed Chair

US Federal Reserve Ends Historic QE Program

Fed Chair Janet Yellen’s Press Conference in Two Minutes

Watch Janet Yellen Discuss the US Economic Outlook

Read the Fortune article here

Federal Reserve Raises Interest Rates As US Economy Strengthens

Federal Reserve Hikes Interest Rates By A Quarter Point | MSNBC

Thomas Roberts and panel discuss news that the Federal Reserve has decided to raise interest rates by a quarter point.

Fragen und Antworten: Warum die Fed nicht am Geldhahn dreht

Fed-Chefin Janet Yellen

DIE PRESSE: Einmal mehr hat die US-Zentralbank die Zinswende verschoben. Ökonomen zufolge droht sie ihre Glaubwürdigkeit zu verlieren.

Die Zinswende in den USA bleibt vorerst aus. Noch scheuen sich die Geldpolitiker um Fed-Chefin Janet Yellen, erstmals seit Jahren wieder am Geldhahn zu drehen. Allerdings könnte die US-Notenbank noch in diesem Jahr handeln - und damit auch die Konjunktur im Euroraum anschieben. Seit Ende 2008 liegen die Zinsen in den USA, zu dem Banken Zentralbankgeld leihen können, auf dem Tief zwischen 0 und 0,25 Prozent. » | APA/dpa | Freitag, 18. September 2015

Die US-Notenbank sendet das falsche Signal

Fed-Chefin Janet Yellen beantwortet die Fragen
der Journalisten nach der Leitzins-Entscheidung.

SÜDDEUTSCHE ZEITUNG: Die Fed setzt weiter auf die Strategie des billigen Geldes. Ändert sie diese nicht endlich, wird es in einer nächsten Krise gefährlich.

Die Entscheidung ist also noch einmal vertagt, die US-Notenbank belässt ihren Leitzins vorerst bei null. Zu groß war offenbar die Furcht der Währungshüter, dass die erste Straffung der Geldpolitik seit neun Jahren die Konjunktur abwürgen, Chaos an den Finanzmärkten auslösen und viele Schwellenländer in die Krise stürzen könnte.

So berechtigt die Sorgen sind: Der Beschluss der Fed ist falsch. Die US-Wirtschaft wächst robust, die Arbeitslosigkeit ist kräftig gesunken. Gleichzeitig könnte die Inflationsrate bei einem parallelen Anstieg von Löhnen und Energiepreisen rasch zum Problem werden. Wann, wenn nicht jetzt, will die Notenbank damit beginnen, das unnatürliche Zinsniveau der letzten Jahre hinter sich zu lassen und zu normaleren Sätzen zurückzukehren? » | Ein Kommentar von Claus Hulverscheidt | Donnerstag, 17. September 2015

Markets Face New Threat as US Federal Reserve Ponders Interest Rate Rise

THE GUARDIAN: Janet Yellen’s decision will have global consequences - and the end of ultra-low rates could mean meltdown for indebted countries

The moment US central bank chief Janet Yellen presses the button will be a massive economic event. The prospect that higher interest rates in the world’s largest economy could come this year has already sent the dollar surging against the pound and euro. It has also fuelled fears of a meltdown in countries that have borrowed heavily in the US currency.

Borrowing is inherently risky, all the more so when the interest rate can change at short notice. Higher costs for those that have borrowed in dollars could cripple companies in Brazil and Turkey that were enticed by cheap credit to fund a new factory or office building, or just to pay the wages.

At the International Monetary Fund’s spring meeting last week, chief economist Olivier Blanchard dismissed these concerns, arguing that companies may have hedged their position, while investors and finance ministers were well prepared. But a succession of market shocks in the last two years has convinced many in the financial community that a bigger crash is coming. There have been violent movements in currencies, bonds and commodity prices, especially crude oil and metals. A rise in US interest rates could add to this already volatile situation and drag stock markets towards another sudden crash. » | Phillip Inman | Washington | Saturday, April 18, 2015

US Federal Reserve to End Quantitative Easing Programme

THE GUARDIAN: Central bank’s head, Janet Yellen, confirms cessation of buying bonds in October after injection of £4.5 trillion over five years

The US Federal Reserve has called time on its $4.5 trillion (£2.8tn) quantitative easing programme, introduced more than five years ago to steer the world’s largest economy through the financial crisis.

The central bank, led by Janet Yellen, said it would cease buying bonds this month. » | Angela Monaghan | Wednesday, October 29, 2014

Everything You Need to Know About Janet Yellen

Oct. 9 (Bloomberg) --- Bloomberg Television's Erik Schatzker examines the career of Janet Yellen, President Obama's nominee to be Fed Chairman. (Source: Bloomberg)

THE DAILY TELEGRAPH: Barack Obama to nominate Janet Yellen as Federal Reserve chairman: President Barack Obama set to name Janet Yellen as first female chairman of US Federal Reserve on Wednesday afternoon » | Katherine Rushton, US Business Editor | Wednesday, October 09, 2013

My comment:

The American Dream is over. If the US keep on printing money – and it will under Janet Yellen – the great US experiment will also soon be over too. One can only conclude that the US is on the skids. – © Mark

This comment appears here too.