Fed Chair Janet Yellen:
Rate hike marks 'end of an extraordinary 7-year period'
Federal Reserve Chair Janet Yellen
Washington - Arab Today
Federal Reserve Chair Janet Yellen said Wednesday the Fed's first rate increase since 2006 marks the "end of an extraordinary seven-year period" of easy-money policy begun in the Great Recession.
But Yellen stressed that it was "important not to overblow the significance" of the quarter-point rate increase, saying Fed policy will remain accommodative over the medium term.
Source: AFP
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