“Unusually harsh winter weather appears to be behind recent signs of weakness in the U.S. economy, Federal Reserve Chair Janet Yellen said on Thursday, suggesting the central bank was poised to press forward in ratcheting back its stimulus. Testifying to the Senate Banking Committee, Yellen said the Fed would watch carefully to ensure weather was indeed the culprit, but she reiterated that it would take a ‘significant change’ to the economy’s prospects for the Fed to put plans to wind down its bond-buying program on hold. The world’s largest economy added fewer than 200,000 jobs combined in December and January, well below expectations.”
Related posts:
100-year-old Wild West silver certificate lassos $2.6M at auction
Saudis ‘will not destroy the US shale industry’: hedge funds
Insurers predict 100% to 400% Obamacare rate explosion
Naturalized Americans No Longer Have an Assumption of Permanence
Bitcoin traders settle class actions over failed Mt. Gox exchange
White House seeks to enlist Silicon Valley to 'disrupt radicalization'
NJ Assemblyman, Former Mayor Accosted By Cop Previously Fired For Lying
Peter Thiel is reportedly exiting Silicon Valley
For GOP mega-donors, a convention of their own
911 Dispatcher Tells Sexual Assault Victim No Cops Will Help Her Due To Budget Cuts
Noted value investor Bill Miller owns bitcoin
Leaked Snowden documents: NSA hacked Chinese telecom company
China’s beverage billionaire Zong Qinghou victim of knife attack
FBI demands new powers to hack into computers for surveillance
Iran currency crisis sparks Tehran street clashes