Fed’s Yellen repeats liftoff delay risks abrupt tightening

FXStreet (Mumbai) - Fed’s Yellen, in her testimony at Washington, repeated the message conveyed through yesterday’s speech that a further delay in the liftoff could risk an abrupt tightening in the future.

Key Quotes

To tighten monetary policy slowly after liftoff

Inflation could rise to 2% in the next few years

Growth likely to be sufficient over the next year or two to result in labour improvement

Uc economy should continue to grow moderately, risk to the outlook very close to balanced