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The Federal Reserve is likely to keep interest rates unchanged for the second consecutive month, signaling a pause in its tightening campaign. Despite warnings from policymakers about the need for higher rates to sustain American economic growth, Treasury Secretary Janet Yellen insists that the US economy is in a good place. Yellen's remarks suggest that interest rates may persist at their current levels, although the duration of this persistence remains uncertain. The Fed's decision to hold rates steady reflects its assessment of the manageable interest on US debt and the solvability of the country's fiscal situation.
Janet Yellen Says Higher Interest Rates May Persist in US The interest on US debt “remains manageable,” Yellen said. “Higher interest rates may persist although that’s not clear,” “Our fiscal situation is by no means unsolvable. We have to be attentive” https://t.co/uVD0Y1Iaai
Treasury Secretary Janet Yellen says interest rates may persist, while insisting the US economy is “in a good place” https://t.co/ygTHe1opjL
🇺🇸 Treasury Secretary Janet Yellen said higher interest rates may persist while insisting the US economy is “in a good place” - Bloomberg https://t.co/9sY1Ikipxo
Janet Yellen Says Higher Interest Rates May Persist in US - BBG https://t.co/QKg0eEuVp5
Treasury Secretary Janet Yellen says interest rates may persist, while insisting the US economy is “in a good place” https://t.co/cos1A1Gl0t
Treasury Secretary Janet Yellen says interest rates may persist, while insisting the US economy is “in a good place” https://t.co/YgDmGPR4la
Since American economic growth remains resilient, the Fed’s policymakers warn that interest rates will have to stay higher for longer. This will push more borrowers to breaking-point. Read more https://t.co/DIRaCevlgb 👇
The Fed looks set to hold interest rates steady for the second time in a row next month — but it may not be an end to the tightening campaign. https://t.co/xEeQSYOraj