Washington (Reuters) – Despite Störfeuers from abroad Fed chief Janet Yellen sees the way for a rate hike this year freely.
If the domestic economy will continue to develop as expected, an interest step up at some point in 2015 was appropriate, Yellen said on Wednesday in front of the Finance Committee of the House of Representatives, according to the released and advance speech text. Despite the continuing difficult situation in Greece and the problems in China after the big price drop on the stock market, the outlook stood well that the situation in the US labor market and the American economy as a whole continue to improve.
At present, the conditions, however, are not yet on the job market in line with full employment as Yellen emphasized. They were similar to recently in a speech in Cleveland not signal whether a turnaround in interest rates can be expected rather in September or in December. The leadership of the Fed is currently divided on this issue. The key rate is at a record low of zero to 0.25 percent since the peak of the world financial crisis in late 2008.
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