Yellen Voices Economic Optimism as Fed Begins Gradual Tightening

December 17, 2015 12:16 AM

23 0

Yellen Voices Economic Optimism as Fed Begins Gradual Tightening

Federal Reserve Chair Janet Yellen delivered a two-pronged message that stock market investors cheered: The U.S. economy is performing well and the central bank is in no rush to raise interest rates again.

She told a news conference that the central bank had put itself in a position to nurture the 6 1/2-year-old expansion by raising rates a bit now to avoid having to increase them a lot later. That will enable the Fed to tighten policy gradually, moving rates up in fits and starts to keep the economy ...

Also read: ECB Extends but Scales Back Stimulus, Whipsawing Markets

Read more

To category page

Loading...