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

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.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.