Fed's Yellen says rate and portfolio plans on track, cautions on inflation

July 12, 2017 by  
Filed under News

WASHINGTON (Reuters) – The U.S. economy is healthy enough for the Fed to proceed with plans to raise rates and begin winding down its massive bond portfolio, though low inflation and a low neutral rate may leave the central bank with diminished leeway, Fed Chair Janet Yellen said on Wednesday.

Source: Reuters Business News

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