February 24, 2015
By Binyamin Applebaum
WASHINGTON — Janet L. Yellen, (click here) the Federal Reserve chairwoman, told Congress on Tuesday that the central bank is pleased with recent economic growth but convinced there is room for improvement and still pondering when to start raising interest rates.
In testimony before the Senate Banking Committee, Ms. Yellen advanced the Fed’s slow-motion retreat from its stimulus campaign. She said the next step would be an announcement, which could come as soon as March, that the Fed would begin to consider raising its benchmark rate at each policy-making meeting....
I was fairly confident this would be the words of the Chairwoman. Her leadership has proven to implement incremental changes as the recovery from the 2008 global economic collapse continues. I can't believe anyone would be surprised by this decision.
By Binyamin Applebaum
WASHINGTON — Janet L. Yellen, (click here) the Federal Reserve chairwoman, told Congress on Tuesday that the central bank is pleased with recent economic growth but convinced there is room for improvement and still pondering when to start raising interest rates.
In testimony before the Senate Banking Committee, Ms. Yellen advanced the Fed’s slow-motion retreat from its stimulus campaign. She said the next step would be an announcement, which could come as soon as March, that the Fed would begin to consider raising its benchmark rate at each policy-making meeting....
I was fairly confident this would be the words of the Chairwoman. Her leadership has proven to implement incremental changes as the recovery from the 2008 global economic collapse continues. I can't believe anyone would be surprised by this decision.
