Economics
Yellen Favors Tightening in a ‘Prudent and Gradual’ Manner
Rate Liftoff at the Fed: The Guessing Games Begins
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Federal Reserve Chair Janet Yellen told lawmakers that waiting too long to raise interest rates holds risks for the U.S. economy, along with tightening too quickly.
“There are risks on both sides,” she told the Senate Banking Committee on Thursday in her second day of congressional testimony. “My own preference would be to proceed in a prudent and gradual manner.”