The US economy has gathered steam this year and will warrant continued interest rate increases amid a global recovery, Federal Reserve Chair Janet Yellen told congressional leaders on Wednesday. "The economic expansion is increasingly broad based across sectors as well as across much of the global economy," Yellen said in prepared remarks delivered to the Joint Economic Committee. Stock indexes, bond yields and the dollar were all higher in initial trading. With weak inflation likely to prove "transitory," she said "we continue to expect that gradual ...
Recovery 'increasingly broad based' in both US and worldwide, says Yellen
Stock indexes, bond yields and the dollar were all higher in initial trading
Reuters Last Updated at November 29, 2017 22:34 IST