7 May 2014
Fed's Yellen: Interest rates will remain low for an extended period of time
FXStreet (Łódź) - The Fed head suggests that reasons for Q1 slowdown were transitory.
• Growth has picked up now but could also be threatened by geopolitical tensions, and a return of financial stress to emerging markets, Yellen says.
• Low borrowing rates will be needed for a considerable time, she signals.
• Yellen expresses concerns over investor's risky behavior in the face of a prolonged period of low interest rates.
• "Some reach-for-yield behavior may be evident," Yellen says.
• Growth has picked up now but could also be threatened by geopolitical tensions, and a return of financial stress to emerging markets, Yellen says.
• Low borrowing rates will be needed for a considerable time, she signals.
• Yellen expresses concerns over investor's risky behavior in the face of a prolonged period of low interest rates.
• "Some reach-for-yield behavior may be evident," Yellen says.