Original article by Joyce Moullakis
The Australian – Page: 13 & 18 : 8-Jan-19
The Federal Reserve raised US interest four times in 2018, and former chair Janet Yellen says another one or two rate rises may be necessary to prevent the economy from overheating. However, Yellen has told a conference in China that she does not expect the central bank to tighten monetary policy again immediately. Yellen’s successor Jerome Powell has signalled that the Federal Reserve will be flexible in its approach to monetary policy in 2019.
UNITED STATES. FEDERAL RESERVE BOARD, UNITED STATES. FEDERAL OPEN MARKET COMMITTEE, UBS AG, AMERICAN ECONOMIC ASSOCIATION, PEOPLE’S BANK OF CHINA, EUROPEAN CENTRAL BANK, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT