Don’t expect Janet Yellen to signal retreat in London on Fed’s interest-rate strategy
From marketwatch.com
Federal Reserve Chairwoman Janet Yellen is unlikely to offer any hint the central bank is wavering on its strategy to raise U.S. interest rates when she makes the rounds in London this week. Yellen and a majority of her colleagues indicated two weeks ago the central bank is still on track to raise the cost of borrowing once more in 2017. There’s little reason to signal a different coarse and put the central bank’s credibility on the line in an appearance Tuesday at a U.K. forum to evaluate the global economy. “She is unlikely to say anything new on the outlook for monetary policy so soon after the June Federal Open ...
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