Subscribe Register Login

Tuesday, September 02, 2014, 5:37 p.m.
Top Picks - Capture Arkansas

Yellen foresees continued low borrowing rates

By The Associated Press

This article was published May 7, 2014 at 11:22 a.m.

WASHINGTON — Federal Reserve Chairmam Janet Yellen said Wednesday that the U.S. economy is improving but noted that the job market remains “far from satisfactory” and inflation is still below the Fed’s target rate.

Speaking to Congress' Joint Economic Committee, Yellen said that as a result, she expects low borrowing rates will continue to be needed for a “considerable time.”

Yellen’s comments echo her earlier signals that the Fed has no intention of acting soon to raise its key target for short-term interest rates even though the job market has strengthened and economic growth is poised to rebound this year.

Read tomorrow's Arkansas Democrat-Gazette for full details.

Comments on: Yellen foresees continued low borrowing rates

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

TOP JOBS

  • Locksmith needed

    Locksmith NeededExperience preferred but will train. Good pa...
    NORTH LITTLE ROCK, AR

  • Locksmith needed

    Locksmith NeededExperience preferred but will train. Good pa...
    NORTH LITTLE ROCK, AR

  • Pipewelder/fitterlab

    pipe welder/fitterlaboreropenings Available-Industrial Refri...
    RUSSELLVILLE, AR

  • Roller operators

    James Construction Group Accepting applications for the foll...
    Jacksonville, AR

  • Sales

    Do you like to talk to strangers? Are you the life of the pa...
    Little Rock, AR

Search 913 jobs >

Top Picks - Capture Arkansas
Arkansas Online