Statement

Name: Janet L. Yellen

Summary: Janet Yellen Signals Caution on Rates: "Federal Reserve Chairwoman Janet Yellen hinted to Congress Wednesday that the central bank had increased trepidation over the path of interest-rate increases, pointing to accumulating risks to the economy in recent weeks... “Financial conditions in the United States have recently become less supportive of growth,” Ms. Yellen said, pointing to stock-market declines and higher interest rates for riskier borrowers, among other events. She warned of a possible impact on economic activity and the labor market should the developments persist."

Lean: Neutral

Substantially Similar to Prior Statements: No

Statement Date: February 10, 2016

Publication Date: February 10, 2016

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