Yellen: No Mechanical Formula for First Rate Rise

Yellen: No Mechanical Formula for First Rate Rise Play

July 15 (Bloomberg) -- Federal Reserve Chair Janet Yellen says the central bank has no "mechanical answer" for when it will start raising interest rates for the first time since 2006. She speaks in response to questions before the Senate Banking Committee in Washington. (This is an excerpt. Source: Bloomberg)

  • On Air Now

    The Pulse Watch Now

  • Next

    Bloomberg Surveillance

blog comments powered by Disqus