BREAKING NEWS

Fed's Yellen says 'reasonable' for Congress to want explanations

By REUTERS

JANUARY 20, 2017 04:19

PALO ALTO, Calif. - Federal Reserve Chair Janet Yellen on Thursday said it is "reasonable" for Congress to ask questions about Fed policy and why certain decisions deviate from recommendations from well-known monetary policy rules.

But in response to a question from Stanford professor John Taylor, Yellen reiterated her opposition to a proposed law that would require the Fed to stick to Taylor's well-known policy rule and to submit to an audit should it deviate. Such a law, she said, opens the Fed to short-term political pressures.

Ukraine's drone attack sparks industrial fire in Russia's Kaluga

By REUTERS

11/25/2024 01:29 AM

White House condemns murder of Chabad emissary Zvi Kogan

By JERUSALEM POST STAFF

11/25/2024 01:26 AM

IDF announces military exercise to take place in Eilat area on Monday

By JERUSALEM POST STAFF

11/24/2024 10:41 PM

Iran Embassy in UAE rejects Iran's involvement in Rabbi's murder

By JERUSALEM POST STAFF

11/24/2024 10:07 PM