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Monday, December 22, 2014, 4:47 p.m.
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Yellen: Job market makes Fed hesitant on rate increase

By The Associated Press

This article was published August 22, 2014 at 11:06 a.m.

WASHINGTON — Federal Reserve Chairman Janet Yellen said Friday that the recession complicated the Fed’s ability to assess the U.S. job market and made it harder to determine when to adjust interest rates.

Yellen’s remarks to an annual Fed conference in Jackson Hole, Wyo., offered no signal that she’s altered her view that the economy still needs Fed support from ultra-low interest rates. The timing of a Fed rate increase remains unclear.

Read Saturday’s Arkansas Democrat-Gazette for full details.

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