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 […]
Tag: Federal Reserve
Emerging market pain dominates G20 economy talks
Emerging and developed G20 powers struggled to find common ground on Thursday over the turmoil unleashed by the prospect of the United States reducing a flood of dollars to the world economy. The Group of 20, which united in response to global crisis in 2009, now faces a U.S. economy […]
Dollar under pressure as central bank meetings loom
Expectations that the Federal Reserve will this week emphasize plans to keep U.S. interest rates near zero left the dollar at a five-week low on Monday, while concerns about China’s stuttering economy pressured commodity markets. The Federal Reserve, the European Central Bank and the Bank of England meet this week. […]
