Testifying before the US Congress on Tuesday, Yellen said that “waiting too long to remove accommodation would be unwise, potentially requiring the [Fed] to eventually raise rates rapidly, which would risk disrupting financial markets and pushing the economy into recession.” Photo: Reuters
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Investors, second-guess a hawkish Fed at your peril

The world’s leading central bank has developed a well-earned reputation for dithering – but after three-and-a-half years of persistent uncertainty it finally appears to mean business

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Testifying before the US Congress on Tuesday, Yellen said that “waiting too long to remove accommodation would be unwise, potentially requiring the [Fed] to eventually raise rates rapidly, which would risk disrupting financial markets and pushing the economy into recession.” Photo: Reuters
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