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Janet Yellen Says Global Uncertainty Justifies Slower Path of Rate Increases

MAR 29, 2016

Global economic and financial uncertainty poses risks to the U.S. economy and justifies a slower path of interest-rate increases, Federal Reserve Chairwoman Janet Yellen said in remarks that suggested little appetite to raise rates when officials meet next month.

“Given the risks to the outlook, I consider it appropriate for the committee to proceed cautiously in adjusting policy,” Ms. Yellen said Tuesday before the Economic Club of New York. She didn’t give details about the timing of the next rate increase. Fed policy makers are set to meet next April 26-27.

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