Positive Economic News Met With Big Selloff On Wall StreetNew home sales surged higher by nearly 7% in April, durable goods orders rebounded with a business investment spending improving for the second straight month, a critical sign for growth, and even consumer confidence is on the rise, although that really hasn't translated into higher retail spending, in spite of lower gas prices and an improving job market.
Senate Confirms UC Berkeley Economist Yellen To Chair Federal ReserveThe Senate confirmed Janet Yellen on Monday as the first woman to lead the Federal Reserve, elevating an advocate of fighting unemployment and a backer of the central bank's efforts to spur the economy with low interest rates and massive bond purchases.
Yellen's Nomination To Lead Fed Celebrated By UC Berkeley ColleaguesJanet Yellen's colleagues and friends at the University of California at Berkeley on Wednesday celebrated her nomination by President Barack Obama to be the next chair of the Federal Reserve.
Janet Yellen Nominated For Federal Reserve ChairPresident Barack Obama says that in Janet Yellen he’s found a tough and proven leader to take over as chairman of the Federal Reserve.
Obama To Nominate UC Berkeley's Yellen As Federal Reserve ChairPresident Barack Obama will nominate Federal Reserve vice chair and University of California, Berkeley professor emeritus Janet Yellen to succeed Ben Bernanke as chairman of the nation's central bank.
Bay Area's Yellen Front-Runner For Fed Chair AgainFederal Reserve Vice Chair Janet Yellen - a Bay Area local - is once again the odds-on favorite to become the next chair of the Federal Reserve, now that President Barack Obama's preferred candidate, former adviser Larry Summers, has stepped out of the race.
Summers Withdraws From Fed Chief Consideration; SF's Yellen Lead CandidateLawrence Summers' withdrawal followed growing resistance from critics. His exit could open the door for his chief rival, Janet Yellen, the Fed's vice chair.