World Week Ahead Yellen sworn in, US jobs

Sun, 02 Feb 2014

Feb 3 (BusinessDesk) – Janet Yellen starts her first week as US Federal Reserve chairman, succeeding Ben Bernanke, as she is sworn into office on Monday at a time when the domestic economy looks in decent shape but China’s is showing signs of crumbling. The latest US employment data due in the coming days will provide further clues as to whether policy makers, now under Yellen’s stewardship whose appointment began on February 1, will feel compelled to continue cutting their stimulus in US$10 billion increments per FOMC meeting, as is expected...

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