The US Senate will vote next week on the new budget deal and Janet Yellen's nomination to lead the Federal Reserve, Senate Majority Leader Harry Reid said Friday.
Janet Yellen will face hostile Republicans doubtful of the Federal Reserve's easy money policies when she appears before senators Thursday to defend her nomination to lead the US central bank.
Asian markets were mixed on Thursday as traders nervously awaited signs of progress in solving a budget stand-off in Washington that threatens to plunge the U.S. into default.
Economists and market analysts on Thursday blasted Federal Reserve chief Ben Bernanke after the Fed stunned markets with its unexpected decision to not cut its stimulus.
There's never a good time to change the head of the US central bank, according to Ethan Harris, who wrote "Ben Bernanke's Fed" about the chairman of the Federal Reserve.
There's never a good time to change the head of the US central bank, according to Ethan Harris, who wrote "Ben Bernanke's Fed" about the chairman of the Federal Reserve.
