Cautious Yellen pushes back on Fed officials eyeing hike

March 29, 2016 8:48 PM

18 0

NEW YORK Federal Reserve Chair Janet Yellen said on Tuesday the U.S. central bank should proceed only cautiously as it looks to raise interest rates, pushing back on a handful of her colleagues who have suggested another move may be just around the corner.

In her first comments since the Fed decided to hold rates steady two weeks ago, Yellen said inflation has not yet proven durable against the backdrop of looming global risks to the U.S economy, including still-low oil prices and concerns over China.

Also read: Eurowings settles pay dispute with airline cabin crew

Read more

To category page

Loading...