Fed chair has warned that turmoil in global financial markets could knock the US recovery,and hinted that interest rates will only rise gradually[br]Latest: Yellen says financial conditions fill worsenedYellen: China could harm US growthDeutsche Bank shares up, but problems remainEuropean shares recovering from two-year lowsAustralia dragged into bear market 4.48pm GMTSean Duffy of Wisconsin, or as head of oversight committee is complaining Yellen does not always respond to requests from the committee on compliance issues (in particular documents on possible leaks) and says she has ignored subpoenas.
Yellen: We fill some concern with providing transcripts since they relate to monetary policy. We will consider this and get back to you. 4.40pm GMTEuropean markets are closing in positive territory but on Wall Street,the Dow Jones Industrial Average has now slipped back and is down around 12 points.
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Source: theguardian.com