Yellen's policies as the Federal Reserve chairwoman helped lower unemployment and spur the country's economic recovery after the 2008 financial crisis, but her legacy will partially depend in part on her successor, Jerome Powell.
Powell is popular within the Federal Reserve system, where he’s been a governor since 2012.
Savers, travelers, foreign governments and more are helped by the quarter-point increase.
Federal Reserve chair says an adjustment will 'likely be appropriate' after evaluating employment and inflation data.
'We may be moving more to a more balanced policy with what sounds like more business-friendly regulation and possibly more fiscal support,' Fed governor says.
The comments reinforced the view that the Fed could step up the pace of its rate hiking campaign if the incoming Trump administration unleashed a fiscal stimulus.
Fed records show several incidents were described internally as "espionage."
Neel Kashkari, a Goldman Sachs executive, called for Congress to take radical action to protect taxpayers.
The move was expected and signals a recovery in the economy since the 2008 financial crisis.
Candidates accused the federal regulatory agency of playing politics.
Yellen spoke a week after the Fed delayed a long-anticipated rate hike.
Yellen appeared to lose her place and stopped several times during a speech in Amherst.
A moderately growing U.S. economy can’t sustain growth abroad on its own for long.
The U.S. central bank said an array of global risks and other factors had convinced it to delay the hike.
The rich are feeling better, but the average citizen has not seen much benefit from the recovery yet.