Fed harps again on growing risk in U.S. commercial real estate


Fed harps again on growing risk in U.S. commercial real estate

Yellen said growth in lending was robust and that commercial and industrial loans were up 75% since 2010.

Previously, Yellen has said that it's not clear the economy needs stimulus to reach full employment.

"We can not afford to go down this road again", she said.

Her responses were frank and fearless. Warren asked for a Wall Street Journal article on the record profits being recorded by Wall Street banks to be entered into the record of the day's hearing.

"People want to put money into that because they want to believe that growth will be stronger, that inflation will be more of an issue - a more normal economy, in other words", said Paul Christopher, head market strategist for Wells Fargo Investment Institute in St. Louis. Anthem said the suit was invalid and that it was committed to completing the merger. "Total consumer prices as measured by the personal consumption expenditures (PCE) index rose 1.6 percent in the 12 months ending in December, still below the [Federal Open Market Committee's] 2 percent objective but up 1 percentage point from its pace in 2015".

The bank's next meeting on monetary policy is on March 14 and 15.

USA stocks have been on a tear since President Donald Trump last week said he planned to unveil a tax-cut plan within the next two to three weeks.

Bayley Wins The RAW Women's Championship
Enzo and Cass should receive a tag team title opportunity after they were involved in the tag team championship match, last week. Bayley takes advantage of the situation to hit the Bayley-to-Belly on Charlotte, and to become the Raw Women's Champion.

Federal Reserve Chair Janet Yellen told Congress Tuesday that an interest rate hike in March remains on the table, pushing back against market expectations that the Fed will stand pat.

"Waiting too long to remove accommodation would be unwise", Yellen said in prepared remarks before the U.S. Senate Banking Committee, citing the central bank's expectations the job market will tighten further and that inflation would rise to 2 per cent.

However, the policymaker was more aggressive than expected - and even appeared to raise some questions over the leader's plans after saying "economic and fiscal policy face an uncertain path under the administration of Donald Trump".

Yellen said automation has had "important effects over decades" on the USA economy and while there's no way to know exactly where it's heading, there are plenty of dramatic accounts of more changes on the horizon that could have "profound effects" on the labor market.

She said the USA real gross domestic product is estimated to have risen 1.9 percent past year, the same as in 2015. Other Democrats asked about the lack of diversity at the Fed and what the bank could do about the still disproportionately high rates of unemployment for African Americans and Native Americans.

On how she'll "deal with" three new Fed governors to be appointed by Trump, as Sen. The CCAR exam is the more stringent since it examines both hard numbers and qualitative risks to the bank.

Fed Chair Janet Yellen has ascended Capitol Hill today for the first of two days of testimony in front of Congressionally leaders, colloquially known as the Humphrey-Hawkins testimony.



© 2015 Gadgets and Technology News. All Rights reserved.