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Market Watch (Free subscription) | 07/15/2008
SAN FRANCISCO (MarketWatch) -- San Francisco Federal Reserve President Janet Yellen said developments in the U.S. credit markets, the downturn in housing and rising commodities prices "pose serious challenges and will require vigilance" as monetary policymakers monitor future events and try to achieve low, stable inflation and sustainable growth. In a speech on housing foreclosures in...
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USA Today (Free subscription) | 07/10/2008
San Francisco Federal Reserve Bank President Janet Yellen said Thursday that Fed interest rate policy is near a "crossroads," ...
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Grasping Reality with Both Hands (Free subscription) | 07/08/2008
Janet: > Econbrowser: Janet Yellen on risks and prospects for the U.S. economy: Unfortunately, it appears to me that there are at least three reasons for thinking that housing prices have further to fall... the ratio of house prices to rents... still remains quite high... inventories of unsold homes remain at elevated levels.... futures market for house prices predicts further...
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Seeking Alpha (Free subscription) | 07/08/2008
James Hamilton submits: Yesterday morning we were pleased to welcome Janet Yellen, President of the Federal Reserve Bank of San Francisco, to our UCSD Economics Roundtable . She focused on three main challenges: the housing slump, financial market turmoil, and commodity prices, which she likened to the three witches from Macbeth . Her complete speech is available from the FRB SFO Here...
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Econbrowser (Free subscription) | 07/07/2008
This morning we were pleased to welcome Janet Yellen, President of the Federal Reserve Bank of San Francisco, to our UCSD Economics Roundtable. She focused on three main challenges: the housing slump, financial market turmoil, and commodity prices, which she likened to the three witches from Macbeth. Her complete speech is available from the FRB SFO Here are some excerpts.
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SignalBlog (Free subscription) | 07/11/2008
San Francisco Fed President Janet Yellen said inflation is a “concern” and that headline inflation is currently “much higher than I would like.” Speaking in Portland, Oregon, Yellen reiterated comments made in a July 7 speech, saying she expects growth to pick up in 2009. She also said inflation is likely to moderate by early next [...]
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Market Watch (Free subscription) | 07/10/2008
SAN FRANCISCO (MarketWatch) -- Falling home prices and a recent rebound in risk priced into financial markets are threatening a recovery in the U.S. economy, said San Francisco Federal Reserve President Janet Yellen Thursday. In the text of a speech that largely repeated comments made Monday, Yellen noted financial markets remain "fragile," as evidenced by a rise in credit-default-swap...
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The San Francisco Business Times (Free subscription) | 07/07/2008
National home prices will continue to decline this year, given the large number of homes for sale and market expectations reflected in the futures market, said Janet Yellen, San Francisco Federal Reserve Bank president and CEO.
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Real Time Economics (Free subscription) | 07/07/2008
Federal Reserve Bank of San Francisco President Janet Yellen on Monday said that credit conditions are tighter despite recent rate cuts. Yellen But the cuts have made a difference. “What would conditions be like now for borrowers if the Fed hadn’t cut rates',” Yellen said during an appearance Monday at the University of California San Diego. [...]
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The Earth Times Online Newspaper (Free subscription) | 07/07/2008
LA JOLLA, California (Reuters) - San Francisco Federal Reserve Bank President Janet Yellen on Monday said that the Fed cannot be just hopeful that inflation will come down, but must be prepared to make hard choices as needed.
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Reuters (Free subscription) | 07/07/2008
LA JOLLA, California (Reuters) - San Francisco Federal Reserve Bank President Janet Yellen on Monday said that the Fed cannot be just "hopeful" that inflation will come down, but must be prepared to make hard choices as needed.
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Market Watch (Free subscription) | 07/07/2008
The fragility of the U.S. housing and bank system could further throw a kink in financial markets before an anticipated recovery in 2009, says San Francisco Federal Reserve President Janet Yellen.
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Market Watch (Free subscription) | 07/07/2008
SAN FRANCISCO (MarketWatch) -- The fragility of the U.S. housing and bank system could further kink up financial markets before an anticipated recovery in 2009, said San Francisco Federal Reserve President Janet Yellen Monday, with commodities presenting their own set of troubles. "Things could get worse before they get better," Yellen said in remarks prepared for delivery in...
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San Fransisco Chronicle (Free subscription) | 07/07/2008
Janet Yellen, president of the San Francisco Federal Reserve Bank, spoke at a conference Monday at UC San Diego and gave the clearest indication yet of the Fed's top economic priority. WHAT SHE SAID: The Federal Reserve "cannot and will not allow a wage-price...
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Calculated Risk (Free subscription) | 07/07/2008
From San Francisco Fed President Janet Yellen: Risks and Prospects for the U.S. Economy. Excerpts: [T]he key questions looking forward are: when will economic activity get back to normal? And when will inflationary pressures moderate? The answers to these questions depend, to a great extent, on how conditions in the housing, financial, and commodity markets evolve.On housing: Changes in housing...
