Don't Blame Fed for Turmoil, Yellen Says as Equity Rout Deepens

  • Fed chair says reversal of rate hike not most likely scenario
  • Traders seem to disagree as they bet on a rate cut in 2016

What Are the Headlines From Yellen's Testimony?

Federal Reserve Chair Janet Yellen said the central bank was not to blame for the tumult that has engulfed financial markets this year and is unlikely to roll back its December interest-rate increase in response.

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