Pursuits
Yellen Haunted by Taper Tantrum as Fed Rate Rise Draws Closer
Fed Is Trapped, Painted Into a Corner on Rates: Whalen
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Janet Yellen is haunted by the taper tantrum as the Federal Reserve lays the groundwork for its first interest-rate increase in almost a decade.
Chair Yellen and her colleagues are fretting that bond yields near record lows could surge once the Fed starts raising rates, according to minutes of their April meeting released this week. Higher costs of everything from mortgages to car loans could result, potentially putting the fragile economic recovery at risk.