Home Business AP Business Yellen suggests a continuation of gradual rate hikes

Yellen suggests a continuation of gradual rate hikes

0
Federal Reserve Chair Janet Yellen testifies at a hearing of the Federal Reserve Board Joint Economic Committee, Wednesday, Nov. 29, 2017, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)

WASHINGTON (AP) — Federal Reserve Chair Janet Yellen said Wednesday that the Fed expects to continue raising interest rates gradually. And she sought to assure lawmakers that the Fed would take care not to choke off any extra growth generated by tax cuts as long as inflation stayed tame.