Monetary Policy and the Economy
Federal Reserve Chair Janet Yellen held a news conference following the quarterly Federal Open Market Committee (FOMC) meeting on current ec… read more
Federal Reserve Chair Janet Yellen held a news conference following the quarterly Federal Open Market Committee (FOMC) meeting on current economic projections. She said that job market improvement and a higher inflation rate were needed before the central bank would raise interest rates, saying that a rate hike in April was unlikely but could be warranted at a later meeting. She also announced the Federal Reserve was downgrading its quarterly economic forecast and expects only a 2.5 percent economic growth for 2015 and 2016. close
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