You are here

Yellen cites global risks to US recovery but says economy will pull through

BT_20160211_NAHYELLEN_2110438.jpg
Ms Yellen singled out uncertainty over recent changes in China's currency policy and the prospects for its economy as a particular culprit behind the financial market volatility.

Washington

TIGHTENING financial conditions driven by falling stock prices, uncertainty over China and a global reassessment of credit risk could throw the US economy off track from an otherwise solid course, Federal Reserve chair Janet Yellen said on Wednesday in prepared testimony to...