Wednesday, February 10, 2016

Yellen warns of domestic, global risks to US economy

Washington (AFP) - Federal Reserve chief Janet Yellen warned Wednesday that the US economy faced risks from tightening domestic financial conditions as well as global economic turmoil.

Expressing concerns that were not nearly as pronounced the last time she spoke publicly in December, Yellen said in prepared testimony to Congress that the outlook for the US economy had become more cloudy.

She made no comment on whether the Fed still expected to continue raising interest rates this year, but her concerns probably lowered the possibility of an increase in its next policy meeting in March .... http://news.yahoo.com