#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

Related Posts

  • 77
    Here’s what to look for when Janet Yellen testifies before the House Financial Services Committee today in her first public remarks since becoming Federal Reserve chairman on Feb. 3. Yellen’s prepared remarks will be released at 8:30 a.m., and the hearing will begin at 10 a.m. Yellen plans to speak…
    Tags: yellen, will, janet, federal, reserve, fed
  • 75
    Janet Yellen led her first monetary policy meeting as chair last week. But with Yellen’s emphasis so far on consensus and continuity, the key news from the Fed last week wasn’t anything Janet Yellen said, but what Federal Reserve Board Governor Jeremy Stein said at the International Research Forum on…
    Tags: policy, federal, reserve, yellen, janet, half, fed, ben
  • 75
    This past week marked the annual gathering of bankers, financial officials, and other economic experts hosted by the Kansas City Federal Reserve Bank in Jackson Hole, Wyoming. On Friday, Fed Chair Janet Yellen and European Central Bank head Mario Draghi both spoke; in a slow week for the markets, these…
    Tags: fed, yellen, reserve, federal
  • 69
    Fed Chair Janet Yellen's first testimony before Congress is the big event for markets in the week ahead, as traders sift through economic data to see if the softness that showed up in January's jobs is more about bad weather, or something more worrisome. Yellen, who took the helm at…
    Tags: fed, program, janet, will, bond-buying, $, wind, year, month, billion
  • 63
    On Tuesday, Federal Reserve Chair Janet Yellen promised the House Financial Services Committee "a great deal of continuity" in monetary policy as she fills the shoes of Ben Bernanke.   However, Yellen is not Bernanke. And depending on her read on the economy, she will use her powers to influence…
    Tags: yellen, read, federal, policy, janet, will, ben, reserve, fed

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.


Related Posts

  • 74
    Social network Ello, which operates in Vermont, is riding the rocket ship usually reserved for Silicon Valley’s hottest consumer tech startups. The ad-free social network, which has to be the most well-known product from the Green Mountain State since Ben and Jerry’s launched in the late ’70s, has taken the…
    Tags: ceo, trend
  • 60
    I'm as big a believer in the transformational power of cloud computing as anyone you'll meet. Smartphones, which are constantly seeking and retrieving data, don't make sense without the cloud, and any business that isn't racing to push its data and software into someone else's data center is, in my…
    Tags: future, trend
  • 59
    In the future, Netflix will know exactly what you want to watch, even before you do. You won’t have to spend all that time browsing through endless lists of shows on your television. That’s according to Neil Hunt, Netflix’s chief product officer. It’s just one of many predictions for the…
    Tags: future, trend
  • 54
    Data visualization artist RJ Andrews of Info We Trust created an amazing infographic of 16 of the 161 creative masterminds featured in Currey’s book.
    Tags: ceo
  • 53
    Thanks to PricewaterhouseCoopers’ (PwC) 2014 report on Cities of Opportunity, job seekers have a handy list of some of the best cities to find a job across the world. Using 10 indicators to look at the factors that contribute to a well-balanced city, the study compared 30 different cities and…
    Tags: report, trend