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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The Associated Press, Denver Post: Business
Tue, 06/21/2016 - 10:43am
Topics: washington federal reserve chair janet yellen congress european union she emphasized related articlesjune economists march senate banking committee economic latinos remained china s the british proceeding her recent july britain s yellen yellen fed fed u.s fed s britain eu december june the uncertainties cautious approach growth rate percent year economy officials vote hike weak week meeting upcoming noted slowdown rates interest hikes global job outlook prices timing persistently unchanged oil leaving cautiously report median tuesday raising number drop domestic central key markets projected pace inflation investment quarter employment business sector blacks problems energy
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