Fed's Yellen: Reiterates gradual approach to interest rate increases
Federal Reserve Chair Janet Yellen:
Headlines crossing the Bloomberg, from a written response she has given to questions. Released by a member of Congress
- Reiterates she expects continued US economic strength
- Reiterate gradual approach to interest rate increases
- Repeats inflatin will return to the Federal Reserve's 2% goal over time
- Fed will adjust policy if outlook changes unexpectedly
- Wouldn't rule out negative rates in very adverse case - must consider unintended consequences of negative rates
Pretty vanilla type comments these. I'm not surprised by any of them. Are you?
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.