Fed rate hike: will Yellen get it right?
Add BT as a preferred source
New York
AS the job market gains steam, US Federal Reserve chairwoman Janet Yellen faces a massive challenge to adjust her monetary levers just right: she wants to keep the recovery going without stoking a bubble or spurring inflation. It's a delicate balance that has bedevilled many central bank chiefs in the past.
A dramatic drop in US bond yields over the past year might be just what Ms Yellen needs to strike that balance, according to two International Monetary Fund (IMF) economists.
TRENDING NOW
Is the UK student-housing party over? Singapore players face divergent prospects in PBSA market
Size matters: OCBC’s Bank of Singapore doubles down on ultra-wealthy – and the bankers chasing them
Xi Jinping has just rewritten the rules of US-China rivalry
Competing on value, not cost: Why Singapore appeals to German manufacturers
