Obama's Fed pick Yellen puts focus on jobs, stability

Last Updated: Thursday, October 10, 2013, 12:39

The nomination would put Yellen on course to be the first woman to lead the institution and the first to head a central bank in any Group of Seven industrial nation.

Janet Yellen: Five facts about Fed chair nominee

Last Updated: Wednesday, October 9, 2013, 17:47

President Barack Obama will nominate Federal Reserve Vice Chair Janet Yellen to take the helm at the US central bank when Ben Bernanke's term expires on January 31.

Janet Yellen: Five facts about Fed chair nominee

Last Updated: Wednesday, October 9, 2013, 17:47

President Barack Obama will nominate Federal Reserve Vice Chair Janet Yellen to take the helm at the US central bank when Ben Bernanke's term expires on January 31.

Gold drops on fresh stimulus fears, weak buying from China

Last Updated: Monday, September 23, 2013, 10:53

Gold, often seen as an inflation-hedge and a safe-haven investment, is highly sensitive to the fate of the stimulus which propelled it to record highs in 2011.

US Fed sticks to stimulus; to continue buying $85 bn in bonds per month

Last Updated: Thursday, September 19, 2013, 00:19

Citing strains in the economy from tight fiscal policy and higher mortgage rates, the Fed decided against the tapering of asset purchases that investors had all but priced into stock and bond markets.

US Federal Reserve likely to reduce bond buying

Last Updated: Wednesday, September 18, 2013, 09:15

The US Fed is expected to begin its long retreat from ultra-easy monetary policy on Wednesday by announcing a small reduction in its bond buying.

Lawrence Summers withdraws from Fed chair consideration

Last Updated: Monday, September 16, 2013, 08:49

Lawrence Summers, a former top aide to President Barack Obama and Treasury secretary under President Bill Clinton, withdrew on Sunday from consideration to succeed Federal Reserve Chairman Ben Bernanke, after liberal pressure soured his confirmation prospects.

Obama says Summers, Yellen, others in running for Fed chair

Last Updated: Saturday, August 10, 2013, 10:51

The term of current Fed Chairman Ben Bernanke expires on January 31, 2014.

Global stocks waver, dollar pushes higher ahead of Fed meeting

Last Updated: Tuesday, July 30, 2013, 10:21

MSCI's broadest index of Asia-Pacific shares outside Japan and Tokyo's Nikkei share average both opened slightly lower, although a weaker yen helped Japanese shares push into positive territory, and a spate of Japanese economic data contained some bright spots.

Obama narrows on candidates as successor to Bernanke

Last Updated: Sunday, July 28, 2013, 19:35

US President Barack Obama has zeroed in on "some extraordinary candidates" to succeed Federal Reserve Chairman Ben Bernanke who can take ordinary people's views into account when deciding the fiscal policy of the world's largest economy.

Bernanke successor pick likely in fall: Official

Last Updated: Saturday, July 27, 2013, 09:24

US President Barack Obama will likely name a successor to Federal Reserve Chairman Ben Bernanke in a few months, a senior White House official said on Saturday.