WASHINGTON — Federal Reserve Chair Janet Yellen said Tuesday that the U.S. economy faces a number of uncertainties that require the Fed to proceed cautiously in raising interest rates. In delivering the Fed’s twice-a-year economic report to Congress, Yellen cited a slowdown in job growth in April and May and said the Fed will be watching carefully to see whether the weaker momentum is temporary or a sign of a bigger problem. Yellen expressed concerns about the global economy, including slower growth in China and the upcoming vote in Britain over leaving the European Union.

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BING NEWS:
  • ‘Crucial’ for US, China to work together, Treasury chief Yellen tells Vice-Premier He Lifeng
    US Treasury Secretary Janet Yellen kicked off two days of talks with Chinese Vice-Premier He Lifeng on Friday, stressing that it was “crucial” for Washington and Beijing to work together on ...
    04/5/2024 - 10:20 am | View Link
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  • Apple adds new accessibility features across the senses, including eye tracking
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  • 'Dune: Prophecy' teaser: Witness the rise of the Bene Gesserit
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  • Upgrade to the Google Pixel 8a and get a $100 Amazon gift card
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  • Dive into the works of BookTok darling Sarah J. Maas with this affordable bundle
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