Advertisement
YOU ARE HERE: LAT HomeCollectionsJanet Yellen
IN THE NEWS

Janet Yellen

FEATURED ARTICLES
BUSINESS
October 9, 2013 | By Don Lee and Marc Lifsher
WASHINGTON -- Janet Yellen, President Obama's choice to head the Federal Reserve, comes to the post with more years and a wider range of experience at the central bank than her predecessors and a career-long focus on the issue that remains at the center of public concern over the economy - jobs and labor markets. Yellen's emphasis on work and unemployment, on which she produced several major scholarly papers during her many years as a Berkeley professor, has also become the focus of Republican critics and some on Wall Street who fear she is soft on inflation.
ARTICLES BY DATE
BUSINESS
March 19, 2014 | By Jim Puzzanghera
WASHINGTON -- Janet L. Yellen, who broke the Federal Reserve's glass ceiling, marks two more milestones Wednesday, wrapping up her initial policymaking meeting as chairwoman then facing reporters' questions for the first time since taking office last month. The Fed chair's quarterly news conferences have drawn great attention since her predecessor, Ben S. Bernanke, began holding them in 2011 to improve public understanding of the central bank's actions. Now Yellen takes over the tradition, which adds an additional challenge to the job as financial markets try to interpret every answer for signs of the Fed's direction.
Advertisement
NEWS
October 9, 2013 | By Sue Horton
News stories about Janet Yellen's nomination to head the Federal Reserve have all stated one obvious fact: If confirmed, she will be the first woman to hold that position. But there's an even more significant barrier Yellen is breaching. She's a powerful woman with gray hair. In recent days her face has been everywhere. It's a pleasant face, with a half-smile and kind eyes. And it's framed by a silver bob.  A woman being appointed to a position of power isn't all that unusual.
BUSINESS
January 13, 2014 | By Jim Puzzanghera
WASHINGTON -- The nomination of former Bank of Israel head Stanley Fischer to be Janet Yellen's lieutenant gives the Federal Reserve a "Dream Team" in the top two positions,  Pimco Chief Executive Mohamed El-Erian said Monday. Fischer was the "most inspired choice" of a slate of three nominees announced Friday by the White House, El-Erian said in an opinion column for CNBC. The others were former Treasury official Lael Brainard, and Jerome Powell, a Fed governor since 2012 whose term expires on Jan. 31. El-Erian said the three nominees "form a well-balanced and strong slate at a particularly important time for Fed policy.
BUSINESS
October 28, 2013 | By Jim Puzzanghera
WASHINGTON -- The Senate Banking Committee expects to hold a confirmation hearing in November on Janet L. Yellen's nomination to be the next head of the Federal Reserve as supporters try to get her formally in place before current Fed chief Ben S. Bernanke steps down in January. Although Yellen confirmation is expected, a quick vote could be problematic because of some Republican opposition. The committee has received Yellen's paperwork, and she has meetings scheduled with individual senators, committee and White House aides said.
BUSINESS
October 8, 2013 | By Jim Puzzanghera, Don Lee and Kathleen Hennessey
WASHINGTON - President Obama will nominate Janet L. Yellen to be the next head of the Federal Reserve, the White House said Tuesday. If confirmed, the former UC Berkeley economist would become the first woman to lead the world's most powerful central bank in its 100-year history. Yellen, the Fed's vice chair, would replace Ben S. Bernanke, whose second four-year term as chairman expires Jan. 31. She would take over at a crucial time as the central bank prepares to reduce its unprecedented support for the economy while trying to avoid damaging the still-fragile recovery.
BUSINESS
January 13, 2014 | By Jim Puzzanghera
WASHINGTON -- The nomination of former Bank of Israel head Stanley Fischer to be Janet Yellen's lieutenant gives the Federal Reserve a "Dream Team" in the top two positions,  Pimco Chief Executive Mohamed El-Erian said Monday. Fischer was the "most inspired choice" of a slate of three nominees announced Friday by the White House, El-Erian said in an opinion column for CNBC. The others were former Treasury official Lael Brainard, and Jerome Powell, a Fed governor since 2012 whose term expires on Jan. 31. El-Erian said the three nominees "form a well-balanced and strong slate at a particularly important time for Fed policy.
BUSINESS
October 23, 2013 | By Jim Puzzanghera
WASHINGTON -- Former Federal Reserve Chairman Alan Greenspan on Wednesday praised Janet L. Yellen, President Obama's nominee to be the next central bank chief, calling her "very bright" and saying he often would go to her to explain academic economics developments he didn't understand. "I understand 90%, 95% of what they're writing," Greenspan told CNBC, referring to academic economists. "But there's a small amount which I don't know and I want to know. And I often found that I would go to Janet.
BUSINESS
November 21, 2013 | By Don Lee
WASHINGTON -- The nomination of Janet L. Yellen to be the next leader of the Federal Reserve cleared the Senate Banking Committee on Thursday. The panel voted 14 to 8 in favor of the former UC Berkeley professor and current Fed vice chair, with three Republican members joining 11 Democrats in sending the nomination to the Senate floor. If confirmed, Yellen would be the first woman to lead the 100-year-old central bank. Despite GOP efforts that have blocked many of President Obama's picks for various posts, Yellen is expected to be approved by the full chamber in a vote sometime after Thanksgiving.
BUSINESS
September 24, 2013 | By Jim Puzzanghera
WASHINGTON -- Although Sheila Bair, the former chairwoman of the Federal Deposit Insurance Corp., is a Republican, she has been one of the most outspoken supporters of Democrat Janet L. Yellen to be the next Federal Reserve chief. Now, with Yellen the apparent front-runner for the job on the strength of strong liberal backing, Bair is making the case to her fellow Republicans in the Senate that they should vote to confirm the nomination. Bair and many other Republicans have been critical of the Fed's unprecedented stimulus policies, which Yellen has supported since becoming the central bank's vice chair in 2010.
OPINION
December 27, 2013 | By Richard Riordan and Eli Broad
Is it a sin to be rich? Not if your resources are used to help others and create jobs. If you listen to most of the discussions of income inequality, it certainly seems like affluence itself is a crime. We hear increasing calls for higher taxes on the wealthy and other policies designed to redistribute income. President Obama summed up that position when he said, "Our country cannot succeed when a shrinking few do very well and a growing many barely make it. " The assumption behind these proposals is that a minority of Americans has become rich by making a majority of our people poorer.
NEWS
December 20, 2013 | By Brian Bennett
WASHINGTON - After heated debate, the Senate narrowly approved President Obama's controversial pick for the No. 2 job at the Department of Homeland Security on Friday morning. Alejandro Mayorkas will be the deputy Homeland Security secretary following a 54-41 vote. No Republicans voted “yes.” Mayorkas will report to the new Homeland Security secretary Jeh Johnson, who was confirmed Tuesday. Shortly after that vote, John Koskinen was confirmed as commissioner of the Internal Revenue Service and Brian Davis was slated for approval later Friday as a district judge in Florida.
NATIONAL
December 20, 2013 | By Brian Bennett and Lisa Mascaro
WASHINGTON - In its last workday of the year, the Democratic-controlled Senate overcame GOP objections Friday to confirm two high-profile Obama nominees to the Department of Homeland Security and the Internal Revenue Service, but put off final approval of Federal Reserve chairwoman candidate Janet L. Yellen until January as part of a late-night cease-fire so lawmakers could adjourn for the holiday recess. After heated debate, the Senate narrowly approved Alejandro Mayorkas, President Obama's controversial pick for the No. 2 job at Homeland Security, in a 54-41 vote.
BUSINESS
December 19, 2013 | Jim Puzzanghera and Don Lee
WASHINGTON - Now that the Federal Reserve has started to ease a key economic stimulus, the reins of managing monetary policy to finish the job soon will be turned over to Janet L. Yellen, the central bank's vice chair. She won't find it easy. Yellen, expected to be confirmed by the Senate on Saturday as the Fed's first female chief, will be leading a very different and potentially more fractious policymaking team at the central bank. A more divisive group could be particularly nettlesome as she tries to execute the complicated exit from the Fed's unprecedented actions to stimulate the economy after the Great Recession.
NEWS
December 19, 2013 | By Michael A. Memoli
WASHINGTON -- Senators reached a late-night deal Thursday to confirm a trio of nominations while setting up a final vote in January to install Janet Yellen as chairwoman of the Federal Reserve, putting aside a bitter dispute so that lawmakers can leave Washington on time for Christmas recess. The accord, announced just as senators were preparing for the first of eight votes scheduled Thursday night and Friday morning, ends for the moment a Senate saga that had played out after Democrats made a landmark change to filibuster rules that all but eliminated Republicans' ability to block President Obama's executive and judicial branch choices.
NATIONAL
December 19, 2013 | By Michael A. Memoli
WASHINGTON - The Senate headed for a bitter conclusion to an often-acrimonious year, with Democrats vowing to remain in session until they confirmed Janet Yellen as chairwoman of the Federal Reserve along with other pending nominees, despite delaying tactics by Republicans who are upset over new filibuster restrictions. Rather than adjourn Thursday, as many members had hoped, the Senate was due to remain in session overnight and probably hold a rare weekend vote after Republicans spurned a request from Majority Leader Harry Reid (D-Nev.)
BUSINESS
March 19, 2014 | By Jim Puzzanghera
WASHINGTON -- Janet L. Yellen, who broke the Federal Reserve's glass ceiling, marks two more milestones Wednesday, wrapping up her initial policymaking meeting as chairwoman then facing reporters' questions for the first time since taking office last month. The Fed chair's quarterly news conferences have drawn great attention since her predecessor, Ben S. Bernanke, began holding them in 2011 to improve public understanding of the central bank's actions. Now Yellen takes over the tradition, which adds an additional challenge to the job as financial markets try to interpret every answer for signs of the Fed's direction.
OPINION
October 10, 2013 | By The Times editorial board
Congress has spent much of the last three years stumbling about like a traveler who's lost his map, with no coherent strategy for bolstering the weak economy or putting more jobless Americans back to work. Meanwhile, the Federal Reserve has worked indefatigably, creatively and bravely to keep borrowing costs low, which has helped the housing industry regain its footing and encouraged U.S. businesses to expand. President Obama sought to keep the Fed on track Wednesday, nominating the reserve board's No. 2, Janet L. Yellen, to be its new chair.
BUSINESS
December 18, 2013 | By Andrew Tangel
NEW YORK -- Stocks rose modestly in early trading Wednesday as Wall Street awaited the Federal Reserve's decision on whether it will scale back its economic stimulus efforts now or next year. The Dow Jones industrial average rose 52.10 points, or 0.3%, to 15,927.36. The broader Standard & Poor's 500 gained 3.31 points, or 0.2%, to 1,784.31. The technology-focused Nasdaq composite added 1.01 points, essentially flat at 4,024.69. QUIZ: How much do you know about the stock market?
BUSINESS
November 21, 2013 | By Don Lee
WASHINGTON -- The nomination of Janet L. Yellen to be the next leader of the Federal Reserve cleared the Senate Banking Committee on Thursday. The panel voted 14 to 8 in favor of the former UC Berkeley professor and current Fed vice chair, with three Republican members joining 11 Democrats in sending the nomination to the Senate floor. If confirmed, Yellen would be the first woman to lead the 100-year-old central bank. Despite GOP efforts that have blocked many of President Obama's picks for various posts, Yellen is expected to be approved by the full chamber in a vote sometime after Thanksgiving.
Los Angeles Times Articles
|