Sunday, July 13, 2025

Fed's Yellen describes transition to "meeting by meeting" debate on rate hike

Last Updated: Tuesday, February 24, 2015, 22:05

The Federal Reserve is preparing to consider interest rate hikes "on a meeting by meeting basis," Fed Chair Janet Yellen told a congressional committee on Tuesday in a subtle change of emphasis in how the Fed has been speaking about its plans for the first interest rate increase since 2006.

Yellen faces Senate grilling on Fed rate policy, transparency

Last Updated: Tuesday, February 24, 2015, 14:41

Federal Reserve Chair Janet Yellen is expected to face pointed questions this week from U.S. lawmakers aimed at revealing details about the Fed`s timing on interest rate hikes, as well as fresh scrutiny about transparency at the central bank.