14 Dec 2016
Fed's Yellen: FOMC judged that economic progress will continue
More headlines from Fed's Chairwoman Janet Yellen keep hitting the wires, via Reuters, during a Q&A session with journalists, highlighting that decision to raise rates will have "small effect" on market rates.
- Desirable to have tax policies that do increase productivity
- Decision to raise rates should be seen as reflection of confidence in economy
- Rate hike could boost some short-term borrowing rates, households will see modest changes