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Fed chief Yellen says key task of central bank is to respond to US economy's fluctuations

NEW YORK, N.Y. - Federal Reserve Chair Janet Yellen said Wednesday that the U.S. job market still needs help from the Fed and that the central bank must remain intent on adjusting its policy to respond to unforeseen challenges. In her first major speech on Fed policy, Yellen sought to explain the Fed's shifting guidance on its interest-rate policy, which at times has confused or jarred investors. She said the Fed's policies "must respond to significant unexpected twist and turns the economy may make."

Yellen says full U.S. employment coming into view, slowly

By Jonathan Spicer NEW YORK (Reuters) - Federal Reserve Chair Janet Yellen said on Wednesday the U.S. economy appeared to be slowly moving toward full employment, but that it would need help from the central bank for some time to come. In her second public speech since taking the Fed's helm, Yellen said it was "quite plausible" the economy would be back to near full employment and a healthier level of inflation by the end of 2016.

Yellen says full U.S. employment coming into view, slowly

By Jonathan Spicer NEW YORK (Reuters) - Federal Reserve Chair Janet Yellen said on Wednesday the U.S. economy appeared to be slowly moving toward full employment, but that it would need help from the central bank for some time to come. In her second public speech since taking the Fed's helm, Yellen said it was "quite plausible" the economy would be back to near full employment and a healthier level of inflation by the end of 2016.

Fed's Yellen: few risks inflation will go much above 2%

Federal Reserve Chair Janet Yellen said Wednesday that inflation is expected to rise slowly from current low levels but not go much beyond the Fed's two percent target. The Fed "is well aware that inflation could also threaten to rise substantially above two percent. At present, I rate the chances of this happening as significantly below the chances of inflation persisting below two percent," she said. pmh/vs

Fed's Yellen: few risks inflation will go much above 2%

Federal Reserve Chair Janet Yellen said Wednesday that inflation is expected to rise slowly from current low levels but not go much beyond the Fed's two percent target. Price pressure in the US economy remain subdued, she said, in part because of slowing energy price rises and a fall in import prices. "Longer-run inflation expectations have remained remarkably steady, however," and will slowly push up toward two percent, Yellen said in a speech to The Economic Club of New York.

Yellen says Fed mulling stricter rules for Wall Street

By Jason Lange ATLANTA (Reuters) - The U.S. Federal Reserve is considering further steps to force big banks to hold more capital, and sees a case for other stability-enhancing measures for more shadowy areas of Wall Street as well, Fed Chair Janet Yellen said on Tuesday. The Fed has been pushing banks to strengthen their balance sheets since the 2007-2009 financial crisis, and last week joined other regulators in requiring the eight largest U.S. banks to increase their capital levels by some $68 billion in total.

Yellen says rules might need to be strengthened further to bolster largest banks

WASHINGTON - Federal Reserve Chair Janet Yellen said Tuesday that the largest U.S. banks might need to hold additional capital to withstand periods of financial stress. Yellen told a banking conference in Atlanta that current rules on how much capital banks must hold to protect against losses don't address all threats. She said the Fed's staff is considering what further measures might be needed.

Yellen takes case for Fed's easy money policies to the public

By Jonathan Spicer CHICAGO (Reuters) - Federal Reserve Chair Janet Yellen on Monday took a page from a politician's playbook to defend the U.S. central bank's easy-money policies, citing the struggles of three Americans in a speech and touring a college workshop to shake hands with students and teachers.

Yellen signals that job market will need Fed's continued low-rate policies 'for some time'

WASHINGTON - Federal Reserve Chair Janet Yellen made clear Monday that she thinks the still-subpar U.S. job market will continue to need the help of low interest rates "for some time." Yellen's remarks signalled that even after the Fed phases out its monthly bond purchases later this year, it has no plans to raise a key short-term rate anytime soon. The bond purchases have been intended to keep long-term loan rates low.

Yellen: Slack US labor market still needs Fed support

Federal Reserve chief Janet Yellen argued Monday that the US labor market remains slack and that Fed policy needs to stay focused on generating jobs. In the clearest delineation of her priorities since taking the helm of the central bank in February, Yellen said the steady fall in the official unemployment rate to 6.7 percent masks deep weaknesses in the jobs market. In a speech in Chicago, she pointed in particular to the high level of people unemployed for a long term, despite the rebound from the Great Recession.
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