Correspondent, Chicago
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Dec 17, 2014
Dec 17, 2014
Dec 17, 2014

Despite dissents and high stakes, Yellen delivers clear Fed message

SAN FRANCISCO/NEW YORK, Dec 17 (Reuters) – Federal Reserve
Chair Janet Yellen pulled off a tricky policy transition on
Wednesday, clearly telegraphing that interest-rate hikes are
approaching even while three of her colleagues at the U.S.
central bank objected to her new message.

The Fed has been slammed for sloppy communications in the
past, especially after then-Chairman Ben Bernanke accidentally
set off a global market rout last year.

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    • About Ann

      "Coverage includes Federal Reserve regional banks, U.S. monetary policy, interest-rate futures markets, and financial exchanges and clearinghouses serving the derivatives marketplace, including CME Group."
      Joined Reuters:
      2010
      Languages:
      English, Japanese
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