Pursuits
Fed’s View of Fragile Economy Means Slow Path for Rate Increases
(Bloomberg) -- Federal Reserve Chair Janet Yellen comments on Fed policy and the U.S. economy. Watch all of the key moments of Yellen's news conference in Washington after a meeting of the Federal Open Market Committee in two minutes. (Excerpts. Source: Bloomberg)
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For Federal Reserve officials, the U.S. economy is a glass house where aggressive moves could break something.
While the median forecast of policy makers still calls for two interest-rate increases by year-end, more officials say just one would be enough in 2015. Still more advocate a go-slow approach to further tightening in 2016.