Five Takeaways from the House’s Yellen Hearing

On Wednesday, Janet Yellen testified before the House Financial Services Committee. Though the hearings lost much of their appeal when Dr. Ron Paul retired from Congress, the House Republicans have maintained a reputation for being far more hostile to the Federal Reserve than their colleagues in the Senate — managing to generate some worthwhile moments. While little news was made, with Yellen maintaining her support for generally low interest rates, there were some points made today worth noting.

Alexander Cartwright

Alexander C. Cartwright is assistant professor of economics at Ferris State University.

Christoph Venitz

Christoph Venitz is a doctoral candidate at Saarland University, Saarbrücken, Germany.

Michael Olbrich

Michael Olbrich is professor of business management and chair of the Institute of Auditing at Saarland University, Sa

Paolo Gomarasca

Paolo Gomarasca is associate professor of moral philosophy in the Department of Philosophy at Catholic University of

Bank of Canada Raises Rates for First Time in 7 Years

With the economy expected to “grow by 2.8% in 2017” up from their April forecast of 2.6%, the Bank of Canada has decided to raise interest rates for the first time in 7 years to 0.75%

It may be minor, but it should be just enough for the Bank of Canada’s Stephen Poloz to cut them again when things start to get tough, and the 2.8% growth vanishes just as quickly as it was envisioned.

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