World Week Ahead: Yellen testimony awaited

Sun, 22 Feb 2015

By Margreet Dietz Feb. 23 (BusinessDesk) - US Federal Reserve chair Janet Yellen takes centre stage this week with her semi-annual testimony to US lawmakers, as investors seek to narrow further the window when the world’s most important central bank will start to lift interest rates. Yellen’s comments on monetary policy and the state of the US economy follow the release of January’s policymaker meeting minutes which showed that the majority of the Fed’s open market committee’s members are in no rush to increase rates. She is set...

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