Statement

Name: Janet L. Yellen

Summary: Federal Reserve Won’t Backpedal on Interest Rates, Janet Yellen Says: "“A lot has happened” since December, when the Fed predicted it would spend 2016 gradually raising rates, Ms. Yellen acknowledged. And risk-averse investors could disrupt slow-and-steady economic growth, she allowed. But her tone was far from bleak. Asked about the risk of a recession, Ms. Yellen responded that anything is possible but “expansions don’t die of old age.” She made clear that Fed officials were still debating when, not whether, they should raise rates again."

Lean: Neutral

Substantially Similar to Prior Statements: No

Statement Date: February 11, 2016

Publication Date: February 11, 2016

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