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.

Qatar passes referendum, replaces Shura Council elections

By REUTERS

11/06/2024 12:31 AM

Netanyahu speaks with IDF chief, Shin Bet and Mossad heads

By JERUSALEM POST STAFF

11/05/2024 11:39 PM

IDF intercepts two drones fired by Islamic Resistance in Iraq

By JERUSALEM POST STAFF

11/05/2024 10:34 PM

Israeli strike on Lebanon town kills 15, Lebanese health ministry says

By REUTERS

11/05/2024 10:08 PM