Meeting with economists and blue-collar workers, Fed Chair Janet Yellen talks of economic uncertainty


(Worthy News) – In a speech Tuesday marked by large doses of both statistics and humility, Federal Reserve Chairwoman Janet L. Yellen said that the economic outlook is highly uncertain, suggesting that the central bank will proceed slowly in raising interest rates and scaling back easy-money policies.

The Fed has been moving to reduce monetary support for the economy based on an assessment that the labor market is strengthening and that inflation, which has been unusually low, will soon stabilize.

Last week, the Fed announced it would begin unwinding the massive bond-buying effort it began after the financial crisis of 2007-08 and signaled that another interest rate hike, after two small increases this year, would come by December’s end. Policymakers foresee three rate hikes for next year. [ Source: L.A. Times (Read More…) ]

We're being CENSORED ... HELP get the WORD OUT! SHARE!!!

Related News Items:

Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News