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Economics

Fed's Yellen still sees only 'gradual' rate hikes

After tepid annual economic growth in the first quarter of 1.4 percent, Yellen said "indicators suggest growth rebounded in the second quarter."

12.07.2017

(AFP) US Federal Reserve Chairwoman Janet Yellen said on Wednesday she still foresees only "gradual" interest rate increases in the few years ahead, as the US economy grows stronger and employment expands.

Key question marks remain however about how the economic outlook will play out, and possible shifts in policy and spending by President Donald Trump's administration are one "source of uncertainty," Yellen said in her semi-annual testimony to Congress.

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