Why Yellen Should Be Cautious About Hiking Rates
Three weeks ago, Federal Reserve officials sounded like they needed a reason not to hike interest rates soon. Now, they’re in search of a reason to consider any change in policy. “Unless something unexpectedly positive happens, they’re likely on hold for the next couple of meetings,” said Carl Tannenbaum, chief economist at Northern Trust Corp. in Chicago. Fed Chair Janet Yellen sketched a cautious and uncertain view of the economy in testimony before lawmakers in Washington Tuesday. Stanhope Capital CIO Jonathan Bell discusses with "On the Move" hosts Guy Johnson and Caroline Hyde.
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