Yellen Suggests Fed May Delay Rate Rises, Not Abandon Them

February 10, 2016 9:53 PM

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Federal Reserve Chair Janet Yellen suggested that the central bank might delay, but not abandon, planned interest-rate increases in response to recent turmoil in financial markets.

In presenting the Fed’s semi-annual economic report to Congress, Yellen said the turbulence had "significantly" tightened financial conditions by pushing down stock prices, pushing up the dollar and raising some borrowing costs.

Also read: ECB’s Mario Draghi Hints at Extension of Bond Purchases

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