Fed Chair Janet Yellen: US Federal Reserve Should Proceed ‘Cautiously’ In Hiking Rates Amid Global Risks
March 29, 2016
Federal Reserve Chair Janet Yellen said Tuesday that global risks are not expected to have a deep effect on the United States, but it’s still appropriate for the Fed to proceed “cautiously” in hiking interest rates.
“Developments abroad imply that meeting our objectives for employment and inflation will likely require a somewhat lower path for the federal funds rate than was anticipated in December,” when the Fed raised rates for the first time in a decade, Yellen said at the Economic Club of New York.