Federal Reserve Chairman Janet Yellen

The Fed decided not to raise its key interest rate in September

Posted on September 17, 2015September 17, 2015 by Jan Sobieski III | No Comments

In a decision that could have gone either way, the Fed decided not to raise its key interest rate in September. America’s central bank hasn’t raised rates in almost a decade and rates have been stuck near zero since the depths of the financial crisis in December 2008. Concerns about a global economic slowdown, low […]

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Fed Chair: ‘Deficits Will Rise to Unsustainable Levels’

Posted on May 9, 2014May 9, 2014 by Jan Sobieski III | No Comments

(CNSNews.com) – Federal Reserve Chairman Janet Yellen, referencing the Congressional Budget Office’s long-term budget projections, told the Joint Economic Committee of Congress today that under current policies the federal government’s deficits “will rise to unsustainable levels.” In the 10-year budget projections it released in April, the CBO estimated that the federal government will run $7.618 trillion […]

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