WASHINGTON (AP) — Federal Reserve Chair Janet Yellen said Wednesday that the central bank has no "fixed timetable" for raising interest rates but she believes the economy is ready for a rate hike by the end of the year. Under the change the Fed is mulling, all banks with more than $50 billion in assets would still have to undergo annual stress tests to see if they would have a sufficient capital buffer to withstand loan losses in a severe economic downturn.
Similar Stories to Yellen Says Rate Hike Likely Appropriate This Year on Bing News
By MARTIN CRUTSINGER, AP Economics Writer, Houston Chronicle: Business
Wed, 09/28/2016 - 12:27pm
BING NEWS:
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05/2/2024 - 9:10 am | View Link - Explainer-What Are Japan's Tactics Based on Latest Suspected Yen Intervention?
Of the total, roughly $155 billion is held in deposits and another $994 billion in securities of which most are seen as U.S. Treasuries. Combined, Japan theoretically has $1.15 trillion it can tap ...
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Inflation has “come down substantially from its peak,” Treasury Secretary Janet Yellen said during her testimony before the House panel.
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