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| Janet Yellen |
LONDON - Yellen warns against delaying rate rise. Janet Yellen, the Fed chair, signalled that the US central bank is reluctant to delay its
next increase in short-term interest rates “for too long”.
Ms Yellen is due to say on Thursday morning that as the Fed sees the case for a rise in rates continuing to strengthen it “must remain forward looking in setting monetary policy”.
“Were the (Monetary Policy Committee) to delay increases in the federal funds rate for too long, it could end up having to tighten policy relatively abruptly to keep the economy from significantly overshooting both of the committee’s longer-run policy goals,” she will say at a congressional hearing, according to prepared remarks.
