BREAKING NEWS

Fed's Yellen says 'reasonable' for Congress to want explanations

By REUTERS

JANUARY 20, 2017 04:19

PALO ALTO, Calif. - Federal Reserve Chair Janet Yellen on Thursday said it is "reasonable" for Congress to ask questions about Fed policy and why certain decisions deviate from recommendations from well-known monetary policy rules.

But in response to a question from Stanford professor John Taylor, Yellen reiterated her opposition to a proposed law that would require the Fed to stick to Taylor's well-known policy rule and to submit to an audit should it deviate. Such a law, she said, opens the Fed to short-term political pressures.

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By JERUSALEM POST STAFF

04/26/2024 03:15 PM

Russia's Shoigu says ready to expand military co-operation with Iran

By REUTERS

04/26/2024 03:10 PM

UK police charge 5 men with national security offences linked to Russia

By REUTERS

04/26/2024 02:13 PM

Biden won't set sanctions on Netzah Yehuda Battalion - report

By JERUSALEM POST STAFF

04/26/2024 01:50 PM