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Financial News: Yellen Hints At Rate Hikes

Yellen Hints At Rate Hikes

09/26/2017 - 14:17:00 (RTTNews)

(RTTNews) - Federal Reserve Chair Janet Yellen hinted at imminent rate hikes Tuesday

"We should be wary of moving too gradually," Yellen said in a speech to the National Association for Business Economics meeting in Cleveland.

"Given that monetary policy affects economic activity and inflation with a substantial lag, it would be imprudent to keep monetary policy on hold until inflation is back to 2%," she said.

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