Yellen calls for “sustainable” fiscal policy
Bank lending has grown since passage of Dodd-Frank Act, Fed chair tells Congress
US Federal Reserve chair Janet Yellen warned of the need to keep US fiscal policy on a "sustainable" path, in comments that could put her on a collision course with the administration of President Trump.
The outlook for US economic policy was "uncertain" and monetary policy was "not on a pre-set course", the Fed chair said yesterday (February 14). Changes in fiscal policy or other initiatives by the new Trump administration could "potentially affect the economic outlook", she added.
Fiscal
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