Yellen Says Quick Rise Could Hurt Economy, But Some Say Rates Need To Rise Soon
With the Federal Reserve planning an end to its
post-financial crisis bond-buying program, attention is now turning to when the
Fed will start allowing interest rates to rise, and by how much. Fed Chair
Janet Yellen told a House committee Wednesday that the economy is not yet
strong enough for interest rates to rise much, and also criticized Republican
calls for a strict set of rules on rate increases, saying that would inhibit
the Fed and possibly hurt the economy. She made a similar case to a Senate
panel Tuesday.
Further Reading:
The AP covers some of Yellen’s arguments,
while the New York
Times
covers arguments from the other side.
The NFIB Research Foundation has collected Small Business Economic Trends data with quarterly surveys since 1974 and monthly surveys since 1986. Survey respondents are drawn from NFIB’s membership
This news article is intended to keep small business owners apprised of current events that may affect them. It does not necessarily reflect NFIB’s policy position on such issues.