Janet Yellen Says Global Uncertainty Justifies Slower Path of Rate Increases
Fed chief explains central bank’s divergence on economic outlook, fewer expected rate moves
Global economic and financial uncertainty poses risks to the U.S. economy and justifies a slower path of interest-rate increases, Federal Reserve Chairwoman Janet Yellen said in remarks that suggested little appetite to raise rates when officials meet next month.
“Given the risks to the outlook, I consider it appropriate for the committee to proceed cautiously in adjusting policy,” Ms. Yellen said Tuesday before the Economic Club of...







