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Fed's Yellen says economy steady enough for more hikes, bond wind down

Reuters  |  WASHINGTON 

By Howard SchneiderWASHINGTON (Reuters) - The United States is healthy enough to absorb further gradual rate increases and the slow wind down of the massive bond portfolio accumulated by the Federal Reserve during the financial crisis, Fed Chair Janet Yellen said in prepared testimony to be delivered to Congress Wednesday morning.In what may be one of her last appearances on Capitol Hill, Yellen depicted an economy that, while growing slowly, continued to add jobs, benefited from steady household consumption and a recent jump in business investment, and was now being supported as well by ...

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First Published: Wed, July 12 2017. 18:36 IST
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