Great article from Bloomberg yesterday giving another perspective on the current economy from Federal Reserve Bank of San Francisco President Janet Yellen.
“Federal Reserve Bank of San Francisco President Janet Yellen said there are “substantial” risks of slower U.S. economic growth, and inflation is likely to slow, declining to rule out the chance of an interest-rate cut.”
“Yellen is the second policy maker in two days to argue that the yearlong credit crunch has blunted the effect of the rate cuts. While most investors expect officials to keep the benchmark rate unchanged through December, there’s a higher likelihood of a cut than an increase, futures prices show.”
Read the full article “Fed’s Yellen Sees `Substantial’ Risks to U.S. Growth” here.
