The Traderszone Network

Published in TZ Latest News 3 December, 2015 by The TZ Newswire Staff

Yellen gives Congress upbeat view on march towards liftoff

Federal Reserve Chair Janet Yellen opened a Congressional committee hearing on the U.S. economy on Thursday with an upbeat assessment of where the country stands as the Fed marches towards its first interest rate hike in a decade. Yellen’s prepared testimony to Congress’ Joint Economic Committee largely repeated the case she laid out in a high-profile speech the day before: unemployment is low, growth continues at a modest pace, and she is confident inflation will return to the Fed’s target over time. “I currently judge that U.S.

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