Yellenwarns Fed will maintain support as economy improves
Federal Reserve Chair Janet Yellen told Congress the recovery is not complete and the Fed will continue substantial support to spur growth and labor market gains. She said faster job gains could prompt earlier rate hikes, while slower data would keep rates low, with bond purchases tapering from 85 to 35 billion dollars a month and a final 15 billion cut anticipated in October.
MENTIONED IN THIS ARTICLE
Washington, D.C
Federal Reserve
Janet Yellen
Fed
Congress
Yellen
House moves on highway bill as August deadline nears
The House plans quick action on a bill to patch the Highway Trust Fund with 10.8 billion dollars using pension tax changes and fuel-storage fund draws to keep federal highway and transit programs solvent through May 2015. A Senate version exists and a long term funding solution remains unresolved.
MENTIONED IN THIS ARTICLE
Washington, D.C
House
Federal Highway Trust Fund
Senate
Congress
Transportation Department
Highway Trust Fund
Protections Tighten for Pregnant Workers Nationwide
The EEOC issues new guidelines for the first time in 30 years, declaring all pregnancy related discrimination or harassment by employers illegal. The update underscores pregnancy childbirth or related medical conditions as prohibited sex discrimination and follows the Supreme Court reviewing EEOC's duty to attempt settlement before lawsuits.
MENTIONED IN THIS ARTICLE
Washington, D.C
Equal Employment Opportunity Commission
EEOC
Supreme Court
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