homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

February 11, 2016

Yellen: Economic weakness could slow rate hikes

  • The Fed is nervous about risks from abroad.
    • By MARTIN CRUTSINGER
    AP Economics Writer

    WASHINGTON — Federal Reserve Chair Janet Yellen cautioned Wednesday that global weakness and falling financial markets could depress the U.S. economy's growth and slow the pace of Fed interest rate hikes.

    But Yellen made clear that the Fed won't likely find it necessary to cut rates after having raised them from record lows in December. She did concede, though, that negative rates, which central banks in Japan and Europe have recently imposed, are a tool the Fed has at least studied.


     
    . . .


    To read this story in full login or purchase a subscription.



    
    Email or user name:
    Password:
     
    Forgot password? Click here.