18:32 GMT +321 November 2019
Listen Live
    Federal Reserve Board Chair Janet Yellen testifies on Capitol Hill in Washington, Tuesday, Feb. 24, 2015

    US Federal Reserve to Increase Interest Rates 'Relatively Soon' - Yellen

    © AP Photo / Susan Walsh
    Get short URL

    The US Federal Reserve will likely increase its primary interest rate soon due to the increased risk of undermining financial stability, Federal Reserve Chairman Janet Yellen said in remarks on Thursday.

    WASHINGTON (Sputnik) — Earlier this month, the Federal Open Market Committee judged that an increase would "become appropriate relatively soon" if current economic trends continue.

    "Holding the federal funds rate at its current level for too long could…encourage excessive risk-taking and ultimately undermine financial stability," Yellen stated in remarks prepared for the Joint Economic Committee of Congress.


    US Federal Reserve Keeps Interest Rate at 0.25-0.5 Percent
    Federal Reserve Sees Pickup in Wages, Workers Don't
    US Federal Reserve to Focus Supervision on Big Banks After Wells Fargo Abuses
    Trump Blasts the Federal Reserve for Low Rates, Urges Policy Normalization
    interest rate, Federal Reserve System, Janet Yellen, United States
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik