You are here

Fed mulling over hike on 'meeting by meeting' basis

Yellen's remarks signal subtle change of emphasis in how the Fed has been speaking about its plans for the first interest rate increase since 2006

BT_20150225_CRYELL_1530419.jpg
Ms Yellen said she still feels the job market is not fully repaired, and that the US outlook remains somewhat clouded by a weaker-than-hoped-for global economy, stalled wage growth and falling inflation.

Washington

THE Federal Reserve is preparing to consider interest rate hikes "on a meeting by meeting basis", Fed chair Janet Yellen told a congressional committee on Tuesday in a subtle change of emphasis in how the Fed has been speaking about its plans for the first interest rate