Mexican Media Brands
Fed Sees Risks to U.S. Economic Growth
Federal Reserve Chair Janet Yellen tells Congress the financial climate in the U.S. has “become less supportive of growth,” hinting that the central bank may delay plans to make several small interest rate increases in 2016.
#economics
Share
Federal Reserve Chair Janet Yellen tells Congress the financial climate in the U.S. has “become less supportive of growth,” hinting that the central bank may delay plans to make several small interest rate increases in 2016.
Yellen says factors that could weigh on the country’s economic outlook include a volatile stock market, stalled consumer prices, China’s slowing economy and the strengthening dollar.
She also discounts the notion that the U.S. could be heading back into a recession, warning against drawing premature conclusions about the economy. Observers describe Yellen's position as cautious rather than downbeat.
Analysts say a series of economic reports due over the next several weeks should help sharpen the Fed’s outlook before its next policy meeting March 15-16.
RELATED CONTENT
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.