Economics
Yellen Says Trump Budget Won't Necessarily Prompt Higher Rates
- Fed chief backs steps to boost economy’s long-run potential
- Yellen also weighs in on border adjustability tax proposal
World First Economist Cook Sees Fed Holding in March
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Federal Reserve Chair Janet Yellen rejected suggestions that the central bank would respond willy-nilly to any changes in tax and spending plans by President Donald Trump with stepped-up increases in interest rates.
That’s “not quite accurate,” she told lawmakers on Wednesday when asked about a media report that the central bank would seek to offset changes in fiscal policy with alterations in its own stance.