Economics
Yellen Says Caution in Raising Rates Is ‘Especially Warranted’
- Yellen cites global growth, oil prices, China as risks
- Fed Chair makes case for go-slow changes with rate near zero
Janet Yellen: Reading on U.S. Economy Somewhat Mixed
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Federal Reserve Chair Janet Yellen said it is appropriate for U.S. central bankers to “proceed cautiously” in raising interest rates because the global economy presents heightened risks.
The to the Economic Club of New York made a strong case for running the economy hot to push away from the zero boundary for the Federal Open Market Committee’s target rate.