Fed Chair Janet Yellen gives testimony to Joint Economic Committee | Reuters.com
Edition:
United States

Fed Chair Janet Yellen gives testimony to Joint Economic Committee

  • Yellen cites housing, geo-political risk to economy

    (Reuters) Federal Reserve Chair Janet Yellen said the central bank will continue to provide a high degree of monetary policy accommodation, and cited geo-political turmoil and weak housing data as risks to the U.S. economy.

    Yellen, speaking to the congressional Joint Economic Committee on Wednesday, also indicated concerns over investors exerting risky behavior given the extended period of low interest rates.

    "Some reach-for-yield behavior may be evident," Yellen said in her prepared testimony, pointing to the lower-rated corporate debt markets as an example.

    Read more
Powered by ScribbleLive Content Marketing Software Platform
Photo

Tillerson says U.S. ready to talk to North Korea; Japan wants pressure

WASHINGTON/SEOUL U.S. Secretary of State Rex Tillerson offered to begin direct talks with North Korea without pre-conditions, backing away from a key U.S. demand that Pyongyang must first accept that giving up its nuclear arsenal would be part of any negotiations. | Video