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Yellen steps down leaving Fed rates unchanged and the US economy growing at “solid rate”

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The announcement brought down the curtain on Janet Yellen's four-year tenure as the Fed's chairwoman. She will step down on Saturday at the end of her term. The United States Federal Reserve said on Wednesday that it was still trying to stimulate faster economic growth as one of the longest expansions in American history neared the end of its ninth year. The Fed said after a two-day meeting of its policymaking committee that it was leaving its benchmark interest rate unchanged in a range of 1.25% to 1.5%, a relatively low level that the Fed said would help support continued job growth and stronger inflation.

Yellen steps down leaving Fed rates unchanged and the US economy growing at “solid rate” Yellen steps down leaving Fed rates unchanged and the US economy growing at “solid rate” Reviewed by Shahid Karimi on February 02, 2018 Rating: 5

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