Yellen: Slower Rate Hikes If Economy Disappoints | Here & Now

Yellen: Slower Rate Hikes If Economy Disappoints | Here & Now: "While the Fed expects to raise interest rates gradually, they are not on any preset course, she said Wednesday. The Fed would likely move slower “if the economy were to disappoint.”

In her first public comments in two months, Yellen offered no major surprises. She reiterated the Fed’s confidence that the U.S. economy was on track for stronger growth and a rebound in inflation. At the same time, she acknowledged the weaker economic data reported since the start of the year and made it clear the Fed is closely monitoring greater risks from abroad."  'via Blog this'