WASHINGTON — Federal Reserve Chairwoman Janet Yellen highlighted the continued strength of job growth in an upbeat report to Congress on Wednesday on the state of the U.S. economy.In light of the continued growth, the Fed intends to keep raising its benchmark interest rate and to reduce its investment holdings, Yellen said in prepared testimony.“Looking ahead, my colleagues on the FOMC and I expect that, with further gradual adjustments in the stance of monetary policy, the economy will continue to expand at a moderate pace over the next couple of years,” Yellen said, referring to the Federal Open Market Committee.Consumer spending has picked up, as has business investment, and the United States is benefiting from stronger growth in other countries.“A strengthening in economic growth abroad has provided important support for U.S. manufacturing production and exports,” she said.The unemployment rate among African Americans stood at 7.1 percent in June, the lowest rate since April 2000 — although Yellen noted that it remained above the national unemployment rate.
NYS Entity Status
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MARCH 03, 2014
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2014 - NATIONAL MONETARY HOLDINGS INC.
AROUND THE WEB
- Yellen highlights strong job growth in report to Congress
By Binyamin Appelbaum - Wednesday Jul 12, 2017
- Global Economy Week Ahead: Central Bank News Out Front
Sunday Jul 16, 2017
Central bank news will be front and center this week, with the Bank of Japan and European Central Bank holding their respective monetary policy meetings.
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Monday Aug 14, 2017
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- Truex wins fuel-mileage gamble at The Glen
By Chronicle news services - Sunday Aug 6, 2017
Martin Truex Jr. won a fuel-mileage gamble, holding off Matt Kenseth on the final lap to capture the NASCAR Cup race at Watkins Glen (N.Y.) International on Sunday.Trailing by 3 seconds after saving fuel for several laps, Truex assumed the lead in his No. 78 Toyota and, despite a bobble and locking the brakes as Kenseth challenged on the last lap, won for the fourth time this season.Truex boosted his playoff points total to 34, nearly double that of second-place Jimmie Johnson (18) as his best season shows no signs of tailing off.“I feel like with the way we run, coupled with the bonus points, we should be a lock” for the season finale in Homestead, Fla., Truex said.Antron Brown, who was second at Sonoma Raceway last weekend, raced to victory in the Top Fuel final at the Northwest Nationals in Kent, Wash.
- Food & Wine Magazine Will Leave New York for Alabama
By STEPHANIE STROM - Friday Jun 23, 2017
The move reflects a changing business in which traditional food magazines, and a Manhattan address, are less important.
- MTV Mines the Past for Its Future: ‘Total Request Live’
By JOHN KOBLIN - Sunday Jul 30, 2017
Remember the “TRL” studio and crowds in Times Square? Music? Carson Daly? MTV hopes you do, and will tune in again.