Former Fed Chairwoman Janet Yellen said if she were still at the central bank, she’d vote for a quarter-percentage-point interest-rate cut this week
Former Federal Reserve Chairwoman Janet Yellen said she endorses a quarter-percentage-point cut in the central bank’s benchmark interest rate this week because of worries over global growth and low inflation.
“I would be inclined to cut a bit,” she said Sunday at an event kicking off the Aspen Economic Strategy Group meeting in Aspen, Colo. “I wouldn’t see this as the beginning—unless things change—of a major easing cycle. But I do think it’s appropriate.”
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