Yellen: Rate moves depend on whether turmoil continues

February 10, 2016 4:04 PM

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WASHINGTON - Federal Reserve Chair Janet Yellen said the U.S. economy faces a number of global threats that could hamper growth and compel the Fed to slow the pace of future interest rate hikes.

"We are watching very carefully what is happening in global markets," Yellen said in answering lawmakers' questions after delivering her prepared remarks. "We have not yet seen a sharp drop off in global growth."

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