With economic data mixed, Yellen says Fed will 'proceed cautiously' on interest rate hikes

Filed under: News |

By Jim Puzzanghera

With mixed reports on the health of the U.S. economy this year, Federal Reserve policymakers will “proceed cautiously” on interest rate hikes, central bank Chairwoman Janet L. Yellen said Tuesday.

The comments in a speech to the Economic Club of New York, in which she noted the “bouts of turbulence”…

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