USA: Federal Reserve Chair Janet Yellen arrives for second part of a two-day meeting on interest rates ahead of key policy statement

Record ID: 708263

  • Title: USA: Federal Reserve Chair Janet Yellen arrives for second part of a two-day meeting on interest rates ahead of key policy statement
  • Date: 29th October 2014
  • Summary: WASHINGTON, D.C., UNITED STATES (OCTOBER 29, 2014) (REUTERS) VARIOUS OF MOTORCADE CARRYING FED CHAIR JANET YELLEN ARRIVING AT FEDERAL RESERVE EXTERIOR OF FEDERAL RESERVE BUILDING
  • Embargoed: 13th November 2014 12:00
  • Keywords:
  • Location: Usa
  • Country: USA
  • Topics: General,Economy,Politics
  • Reuters ID: LVA8P5DJECGUXT8T6AS14A56SV0Z
  • Story Text: Federal Reserve Chair Janet Yellen arrived on Wednesday (October 29) for the second part of a two-day meeting on interest rate policy. The U.S. central bank is expected to reinforce its stated willingness to wait a long while before hiking rates after a volatile month in financial markets that saw some measures of inflation expectations drop worryingly low.
    The reassurance will be all the more necessary given that the Fed is all but certain to announce the end of its massive bond-buying stimulus.
    With U.S. inflation weak, the European economy stumbling and the dollar on the rise, the big question is to what extent Fed officials acknowledge risks to their expectations that the U.S. recovery will continue to strengthen and allow them to raise rates around the middle of next year.
    The Fed will issue a policy statement at 2 p.m. (1800 GMT). It will not update economic forecasts or rate projections, and Yellen is not scheduled to address the media, leaving investors to scour the statement for clues on the direction of policy.
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2014. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
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