#Yellen Suggests Roughly 6 Month Gap Before #Rate Increases After Bond-Buying Program Ends

Federal Reserve Chairwoman Janet Yellen on Wednesday said interest-rate increases could begin in the first half of 2015, around six months after it winds down its bond-buying program.

The Fed, in its policy statement, said the benchmark federal-funds rate will remain near zero for a “considerable time” after its signature bond-buying program ends. For the first time, Ms. Yellen attempted to define that term, saying it is “hard to define” but “probably means something on the order of around six months.”

The Fed has been reducing its bond-buying program in $10 billion increments and is on track to wind it down this year.

Write to Ben Leubsdorf at ben.leubsdorf@wsj.com

Read more: http://www.nasdaq.com/article/yellen-suggests-roughly-6-month-gap-before-rate-increases-after-bondbuying-program-ends-20140319-00933#ixzz2wRaHjIYv

Read more: http://www.nasdaq.com/article/yellen-suggests-roughly-6-month-gap-before-rate-increases-after-bondbuying-program-ends-20140319-00933#ixzz2wRa5uQ9b

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Goldman Sachs: What Happens If Elon #Musk Is the Next Steve #Jobs

If Tesla Motors Inc.TSLA  CEO Elon Musk turns into the next Steve Jobs or Henry Ford, Goldman SachsGS sees considerable upside for the electric car maker’s stock price.

But that’s not a likely scenario.

In a 47-page report to clients, Goldman laid out various scenarios for the car maker’s future before ultimately raising its six-month Tesla price target to $200 from $170, some 20% below Tuesday’s closing level of $240.04.

http://blogs.wsj.com/moneybeat/2014/03/18/goldman-sachs-what-happens-if-elon-musk-is-the-next-steve-jobs/

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