yellen rate hike marks end of an extraordinary 7year period
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

Yellen: Rate hike marks end of an extraordinary 7-year period

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Arab Today, arab today Yellen: Rate hike marks end of an extraordinary 7-year period

Federal Reserve
Washington - Arab Today

Federal Reserve Chair Janet Yellen said Wednesday the Fed's first rate increase since 2006 marks the "end of an extraordinary seven-year period" of easy-money policy begun in the Great Recession.

But Yellen stressed that it was "important not to overblow the significance" of the quarter-point rate increase, saying Fed policy will remain accommodative over the medium term.

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