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

By REUTERS
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.
Uruguay's center-left secures presidential victory with 49%
By REUTERS
11/25/2024 05:31 AM
Australia PM plays down privacy fears of social media ban for children
By REUTERS
11/25/2024 04:58 AM
Russian forces capture British man fighting with Ukraine, RIA reports
By REUTERS
11/25/2024 03:55 AM
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
Communications Minister Karhi: High Court should be abolished
By JERUSALEM POST STAFF
11/24/2024 09:36 PM
Body of Israeli murdered in UAE to be repatriated to Israel Monday
By REUTERS
11/24/2024 09:11 PM
Medvedev suggests Russia would share Kremlin nuclear information
By JERUSALEM POST STAFF
11/24/2024 07:43 PM
Russia likely to name Darchiev as ambassador to Washington - Kommersant
By REUTERS
11/24/2024 06:51 PM
Resident of Ramallah arrested for holding materials supporting terrorism
By JERUSALEM POST STAFF
11/24/2024 06:13 PM
Herzog: We're at critical moment, everyday hostages are gone is failure
By JERUSALEM POST STAFF
11/24/2024 05:43 PM
Iran is preparing to 'respond' to Israel, says adviser to Supreme Leader
By REUTERS
11/24/2024 05:13 PM
Putin, Turkey's Erdogan discuss trade, economic cooperation in phone cal
By REUTERS
11/24/2024 03:21 PM