Part-WAS-Was8912243-1-1-0

Fed weighs rate hike 'this year': Yellen

Federal Reserve Chair Janet Yellen speaks during a press conference at the Federal Reserve in Washington, DC, March 18, 2015The Federal Reserve is considering raising near-zero interest rates this year even though this may slow the US recovery, Fed Chair Janet Yellen said Friday. The Federal Open Market Committee is now “giving serious consideration to beginning to reduce later this year some of the extraordinary monetary policy accommodation currently in place,” Yellen said in a speech in San Francisco, according to the prepared text. Earlier this month, the Fed’s policy arm opened the door to a federal funds rate hike as early as midyear, dropping the word “patient” in its post-meeting statement. Still, the recovery from the Great Recession that ended in 2009 appeared on track enough to sustain a rate hike.

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
Russian Lawyer Who Met With Trump Jr. Linked To Group Hired By Democrats https://t.co/pm9NaKceA2 #backfire #leftwing https://t.co/17lD1bMNPr - 5 months ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article