The US Federal Reserve may raise interest rates of the federal loan in coming sessions, declared the chief of the Federal Reserve System, Janet Yellen, indicating a considerable disorientation of new administration in economic policies.
According to her, if the issue of raising interest rates is not resolved soon, the Federal Reserve System will fall behind the development of the market, which can further raise sharply the interest rates and, as a result, bring to recession. Waiting too long to raise rates could lead to "too much inflation, financial instability, or both," said Yellen at the Senate Banking Committee session.
“At our upcoming meetings, the committee will evaluate whether employment and inflation are continuing to evolve in line with these expectations, in which case a further adjustment of the federal funds rate would likely be appropriate,” said Yellen.
















