Political Capital

Posts tagged: Janet Yellen

Timothy Geithner, U.S. treasury secretary, right, talks to Lawrence " Larry" Summers, outgoing director of the U.S. National Economic Council, before U.S. President Barack Obama signed an $858 billion bill extending for two years Bush-era tax cuts in Washington, D.C., on Dec. 17, 2010.

Photograph by Andrew Harrer/Bloomberg *

Timothy Geithner, U.S. treasury secretary, right, talks to Lawrence " Larry" Summers, outgoing director of the U.S. National Economic Council, before U.S. President Barack Obama signed an $858 billion bill extending for two years Bush-era tax cuts in Washington, D.C., on Dec. 17, 2010.

Summers ‘Thrill’ Topped ‘Torture’: Geithner Says With Smile

Timothy Geithner, the former Treasury secretary making the rounds with his new book, spoke today of the abyss the United States faced in the fall of 2008, the prospect of a panic-driven financial crisis prompted by a freezing of credit....

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An aerial view of homes in Henderson, Nevada.

Photograph by Ethan Miller/Getty Images

An aerial view of homes in Henderson, Nevada.

Bloomberg by the Numbers: $4.23 Trillion

Federal Reserve banks had about $4.23 trillion in total assets as of March 26. Most of the Fed’s holdings are in U.S. Treasury securities ($2.31 trillion) or mortgage-backed securities ($1.6 trillion). The Federal Open Market Committee “has kept the benchmark...

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Job seekers speak with representatives at the Recruit Military veteran job fair in San Diego on Feb. 27, 2014.

Photograph by Sam Hodgson/Bloomberg

Job seekers speak with representatives at the Recruit Military veteran job fair in San Diego on Feb. 27, 2014.

Yellen: Meaning of ‘Some Time?’ — ‘Indirect Pushback’ Seen

It depends on what the meaning of  “some time” is. Federal Reserve Chair Janet Yellen got everyone’s attention — meaning the stock markets — when she said at a press conference on March 19 that the Fed might start raising...

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Janet Yellen, chair of the U.S. Federal Reserve, during a news conference following a Federal Open Market Committee meeting in Washington, D.C. on March 19, 2014.

Photograph by Andrew Harrer/Bloomberg

Janet Yellen, chair of the U.S. Federal Reserve, during a news conference following a Federal Open Market Committee meeting in Washington, D.C. on March 19, 2014.

Bloomberg by the Numbers: $55 Billion

The Federal Reserve is scaling back its monthly securities purchases to $55 billion from $65 billion. The Fed’s stimulus program is “not on a pre‐set course and the committee’s decisions about the pace of purchases remain contingent on its outlook...

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Kaitlin Foran, a senior at the College of Charleston in South Carolina, speaks with a prospective employer at a job fair during the 41st annual Conservative Political Action Conference on March 8, 2014 in National Harbor, Maryland.

Photograph by T.J. Kirkpatrick/Getty Images

Kaitlin Foran, a senior at the College of Charleston in South Carolina, speaks with a prospective employer at a job fair during the 41st annual Conservative Political Action Conference on March 8, 2014 in National Harbor, Maryland.

Bloomberg by the Numbers: 2,028,000

That’s about how many people were newly unemployed in February, according to the U.S. Labor Department. The 2,028,000 who lost a job last month after holding one in the previous month rose for the third consecutive month, from 1,910,000 in...

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A Choice Career Fairs job fair in Arlington, Virginia.

Photograph by Andrew Harrer/Bloomberg

A Choice Career Fairs job fair in Arlington, Virginia.

Six Republicans Help Advance Unemployment Benefits in Senate

Updated at 10:25, 11:11, 111:20 am and 1:45 pm EST Five votes. That’s what the Democrats in the Senate said they needed from Republicans this morning for a delayed vote on the extension of unemployment benefits for more than 1...

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Federal Reserve vice-chair Janet Yellen attends a ceremony marking the centennial of the founding of the Federal Reserve in Washington on Dec. 16, 2013.

Photograph by Nicholas Kamm/AFP via Getty Images

Federal Reserve vice-chair Janet Yellen attends a ceremony marking the centennial of the founding of the Federal Reserve in Washington on Dec. 16, 2013.

Bloomberg by the Numbers: 68%

That’s the share of senators voting yesterday who approved the nomination of Janet Yellen to lead the Federal Reserve. Yellen, who will become the first woman to lead the central bank, was confirmed on a 56-26 vote. Eleven Republicans voted...

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Janet Yellen, vice chairman of the U.S. Federal Reserve, center, after an open meeting of the Board of Governors of the Federal Reserve in Washington, D.C., on Dec. 10, 2013.

Photograph by Andrew Harrer/Bloomberg

Janet Yellen, vice chairman of the U.S. Federal Reserve, center, after an open meeting of the Board of Governors of the Federal Reserve in Washington, D.C., on Dec. 10, 2013.

Bloomberg by the Numbers: 34

Thirty-four senators on Dec. 20 voted against advancing Janet Yellen’s nomination to lead the Federal Reserve. Yellen, President Barack Obama’s choice to succeed Fed chairman Ben Bernanke, surely will be confirmed for the post in a final vote that’s scheduled...

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Janet Yellen, vice chairman of the U.S. Federal Reserve, swears into a Senate Banking Committee confirmation hearing in Washington, D.C., on Nov. 14, 2013.

Photograph by Pete Marovich/Bloomberg

Janet Yellen, vice chairman of the U.S. Federal Reserve, swears into a Senate Banking Committee confirmation hearing in Washington, D.C., on Nov. 14, 2013.

Bloomberg by the Numbers: 70

Updated at 12:15 pm EST That’s how many senators voted in January 2010 to approve Ben Bernanke for a second term as Federal Reserve chairman. The Senate today voted 59-34 to advance Yellen’s confirmation to a final vote, yet has...

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Ben S. Bernanke, chairman of the U.S. Federal Reserve, during a news conference following a Federal Open Market Committee meeting in Washington, D.C., on Dec. 18, 2013.

Photograph by Andrew Harrer/Bloomberg

Ben S. Bernanke, chairman of the U.S. Federal Reserve, during a news conference following a Federal Open Market Committee meeting in Washington, D.C., on Dec. 18, 2013.

Bloomberg by the Numbers: $75 Billion

The Federal Reserve is tapering its monthly bond-buying program to $75 billion from $85 billion. “Reflecting cumulative progress and an improved outlook for the job market,” the Federal Open Market Committee decided yesterday to “modestly reduce the monthly pace at...

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