NEW YORK/SAN FRANCISCO (Reuters) – Janet Yellen’s first policy-setting meeting as chair of the U.S. Federal Reserve will focus on how to finesse a rewriting of the central bank’s promise to keep interest rates low without roiling financial markets.
Fed policymakers will probably decide next week to scrap their threshold of a 6.5 percent unemployment rate for considering a rate rise, and instead embrace new language that is less specific about when tighter policy might come.
March 11 (Reuters) – Stanley Fischer wrote the book on
A noted scholar, he co-authored “Macroeconomics,” one of the
world’s leading college economics textbooks.