US President Barack Obama has nominated Janet Yellen to head the Federal Reserve Board, describing her as one of America's "foremost economists and policy makers".
The impact of the US Federal Reserve's move to cut the benchmark interest rate will be muted for India as it was mostly priced in, Chief Economic Advisor V Anantha Nageswaran said on Thursday. He said that the Indian stock market is already attracting investor interest and overall the rate cut is positive for emerging markets.
US's terrible political and economic leadership will ultimately cost the dollar its value. India must act early to avoid being dragged down, suggests R Jagannathan.
Yellen is currently Vice Chairman of the Board of Governors of the Federal Reserve System.
The US Federal Reserve has announced to maintain its bond purchase tapering programme.
The Fed's interpretation of the increase in gas prices is the economist's basic mantra of supply and demand.
Observing that US' economic recovery is proceeding at a moderate pace, US Federal Reserve Board chairman Ben Bernanke said on Wednesday the central bank might need to intervene if policymakers enact short-term spending cuts that hurt growth.
As part of an ongoing series, we bring you stories of young Indian Americans who came looking for the Real India and found their real selves instead. Rucha Desai recounts his trip to India.
A strong and stable dollar is both in the American interest and in the interest of the global economy, US Federal Reserve Board chairman Ben Bernanke said on Wednesday.
The list of 22 leaders was compiled in association with Harvard Kennedy School. It also includes Federal Reserve Board Chirman Ben Bernanke, Newark city Mayor Cory Booker, Cisco Systems CEO and Chairman John Chambers and playwright-activist Eve Ensler.
State Bank of India's (SBI) two-year-long wait to expand its operations in the United States is set to end with the New York State Banking Department (NYSBD) clearing the bank's application for opening another branch, senior SBI officials confirmed.
President Donald Trump has tapped Jerome "Jay" Powell to lead the US central bank, bypassing Janet Yellen for a second term despite praising her excellent management of the world's largest economy over the past four years.
Women dominate Indian banks's clerical and officer rolls, but few make it to the executive office these days, notes Tamal Bandyopadhyay.
She was born in Farrukhabad and went to the US to pursue her master's degree and a Ph.D.
In 1910 the who's who of Wall Street met in total secrecy in an American town to work towards the first draft of the bill that would finally give the United States a central bank.
The Fed made clear that the rate hike was a tentative beginning to a "gradual" tightening cycle
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After a string of extremely low and even negative monthly numbers, the industrial sector grew by 2.6 per cent year on year, far exceeding expectations.
The US Federal Reserve has raised its benchmark interest rate by 0.25 per cent, only the second increase in a decade.
The Forbes 5th annual '30 Under 30' list features 600 women and men.
Economists warn of the impact that a Fed rate rise could have on emerging economies.
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ITC, Infosys, Wipro and HDFC Bank among the major losers.
Balance is needed in selecting members for the proposed monetary policy committee, says Abheek Barua.
It isn't Rajan ignoring money as much as it is Bernanke ignoring capital and exchange rates.
Chanda Kochhar is among the three Indians in Time's Most Influential list.
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