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Fed chief says policy guidance beneficial but must be conditional

Reuters  |  FRANKFURT 

FRANKFURT (Reuters) - The U.S. Federal Reserve's guidance about its likely future policy path is beneficial but should always be viewed as conditional on how the economy actually develops, Fed Chair Janet Yellen said on Tuesday.

"All guidance should be conditional and related to the outlook for the economy," Yellen told a European Central Bank conference in Frankfurt.

(Reporting by Balazs Koranyi and Francesco Canepa; Editing by Catherine Evans)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, November 14 2017. 16:20 IST
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