feds yellen still sees only gradual rate hikes
Last Updated : GMT 09:03:51
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Almaghrib Today, almaghrib today
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today

Fed's Yellen still sees only 'gradual' rate hikes

Almaghrib Today, almaghrib today

Almaghrib Today, almaghrib today Fed's Yellen still sees only 'gradual' rate hikes

Federal Reserve Chair Janet Yellen
Washington - Al Maghrib Today

Federal Reserve Chair Janet Yellen said Wednesday she still foresees only "gradual" interest rate increases, as the US economy grows stronger and employment expands.

But question marks remain about how the economic outlook will play out, and possible changes in spending and other policies by President Donald Trump's administration are one "source of uncertainty," Yellen said in her semi-annual testimony to Congress.

Another big question is whether inflation will finally move closer to the Fed's two percent target rate, from the current 1.4 percent.

 
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