Blogs > Business Without Borders


Jan 29, 2018

Changes at the Fed – Janet Yellen’s Swan Song As Chair – Who’s Watching the Store and the Fed’s Policy?

January 30 and 31 will mark the first meeting of 2018 for the Fed Open Market Committee as well as the last meeting for Janet Yellen as Chair.  As we move into the second full year of Trump’s presidency, the composition of the voting members of Board of Governors will change.  Cleveland Fed President Loretta Mester, Richmond Interim Fed President Mark Mullinix (soon to be replaced by Thomas Barkin), Atlanta Fed President Raphael Bostic, and San Francisco Fed President John Williams will replace Chicago Fed President Charles Evans, Philadelphia Fed President Patrick Harker, Dallas Fed President Robert Kaplan and Minneapolis Fed President Neel Kashkari as the latter rotate from voting to non-voting members.» Read More

Mar 15, 2017

Janet Yellen And The Fed Make It Happen – Interest Rate Hike – US Stock Markets Like It

As expected and reported on the blog last week, Fed Chair Janet Yellen and her team raised the Fed’s key interest rate by 0.25 percentage point today. While it’s the third time that the Fed has increased rates since the financial crisis, the US economy is on the move, and now, so are interest rates.

Yellen, in her remarks at the press conference today said that “[t]he simple message is the economy is doing well.» Read More

Sep 17, 2015

Yellen and the Fed Hold the Line on Rate Hikes

While the Fed is more comfortable that US economy is performing well, China and global turmoil rule the day.  Coming out of its two day meeting, the Federal Open Market Committee released a statement pushing off any interest rate increase.  “Recent global economic and financial developments may restrain economic activity somewhat and are likely to put further downward pressure on inflation in the near term.”  But for the lone dissenter in the vote, Richmond Federal Reserve President Jeffrey Lacker, the decision to hold the line on any rate hike was unanimous. » Read More