Federal Reserve chair tells House committee that no decision has been made but a rise in rates is still a ‘live opportunity’ despite continued low inflation A December interest rate increase is still on the table,US Federal Reserve chair Janet Yellen said Wednesday during testimony before the House financial services committee. Asked by New York congresswoman Carolyn Maloney, a Democrat, or whether the risk of raising rates in December outweigh the benefits,Yellen said that the committee has made no decision yet but that December rate hike was still a “live opportunity”. Related: Federal Reserve keeps interest rates unchanged but hints at December rise Bill Dudley on December liftoff: "I fully agree with the Chair. It is a live opportunity, but let's see what the data shows"Continue reading...
Source: theguardian.com