WASHINGTON, D.C.: New Federal Reserve chief Janet Yellen kept the central bank firmly on the path set by predecessor Ben Bernanke on Wednesday (Thursday in Manila), shrugging off recent economic weakness     as largely weather-caused.

But she also took a crucial step to reshape how the Fed has signaled its interest rate plans, removing what has been a source of confusion that has riled markets for months.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details