On Air Now

Current Show

The Sean Hannity Show   2:00 PM - 5:00 PM

Call the Sean Hannity Show at 800-941-7326

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 550 AM Wausau, WI 99.9 FM Stevens Point, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
75° Feels Like: 75°
Wind: SSW 9 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Partly Cloudy 59°

Tomorrow

Scattered Thunderstorms 74°

Fri Night

Scattered Thunderstorms 62°

Alerts

Fed will vary interest on reserves when tightening policy: Yellen

Janet Yellen, vice chair of the Board of Governors of the U.S. Federal Reserve System, speaks at the University of California Berkeley Haas
Janet Yellen, vice chair of the Board of Governors of the U.S. Federal Reserve System, speaks at the University of California Berkeley Haas

SAN DIEGO (Reuters) - Federal Reserve Vice Chair Janet Yellen reiterated on Saturday that the U.S. central bank will use its ability to pay interest on excess bank reserves to tighten monetary policy at some stage in the future.

"We are quite likely and have decided we will almost surely rely on varying that - the level of interest on reserves - when the day comes when we will be ready to exit a period of accommodative monetary policy," she told a panel discussion at the annual meeting of the American Economic Association.

(Reporting by Alister Bull; Editing by Andrea Ricci)

Comments