Re: Farmas USA
Yellen: Rate hike 'appropriate relatively soon'
In prepared remarks for her Congressional testimony later this morning, Janet Yellen surprises no one by more or less promising a rate hike next month.
She takes note of the danger of waiting too long to lift, which could force the central bank to have to slam the brakes on the economy at some later point.
Alongside the rate hike promise is a reiteration of the Fed's intention to move at a gradual pace as it tightens policy.
Her appearance starts at 10 ET
http://seekingalpha.com/news/3225341-yellen-rate-hike-appropriate-relatively-soon