Global financial markets have soared in response to the US Federal Reserve decision to continue its monthly stimulus program. But economists warn the Fed is only increasing the risk of withdrawl pain once it does decide to cut back.
The US central bank's first female chief is planning to step down from it's governing board. Janet Yellen said in a letter to President Trump that she was "gratified" to leave with the US on firmer financial footing.
US President Trump is turning the announcement of a new Federal Reserve head into a reality TV experience like his show The Apprentice. But is it just a distraction from other problems? Jens Korte reports from New York.
Federal Reserve Chair Janet Yellen has told the US Congress that interest rates will not have to rise much further. Politicians are concerned that three rate rises have taken place amid an uneven economic recovery.
The American central bank has announced the end of its post-financial crisis stimulus program, nearly a decade after unleashing massive asset purchases that boosted its balance sheet to levels not seen before.
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