US President Barack Obama has officially nominated Federal Reserve vice-chair Janet Yellen to be the next head of the US central bank. He called her one of the nation’s foremost economists and policy makers. Ms Yellen said if confirmed by the Senate she would do her utmost “to promote maximum […]
World News
World Bank Set to Reduce Poverty to 9% by 2020
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The World Bank Group Wednesday said it has set an interim target to reduce global poverty to 9 percent (9%) by 2020, which, if achieved, would mark the first time the rate has fallen into the single digits. According to Jim Yong Kim, President of […]
Obama to choose Yellen for top Fed job, markets relieved
U.S. President Barack Obama will nominate Fed number two Janet Yellen on Wednesday to run the world’s most influential central bank, providing some relief to markets that would expect her to tread carefully in winding down economic stimulus. The nomination will put Yellen on course to be the first woman […]
