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

U.S. says joint S.Korea war games not on the negotiating table

BEIJING/SEOUL The United States and South Korea will go ahead with joint military drills next week, the top U.S. military official said on Thursday, resisting pressure from North Korea and its ally China to halt the contentious exercises.