Fed's Yellen says spillovers cannot be avoided
WASHINGTON, July 2
WASHINGTON, July 2 (Reuters) - The Federal Reserve will seek to communicate clearly about the U.S. central bank's monetary policy but some impact on global markets and other countries is "unavoidable" in the interconnected financial system, Fed Chair Janet Yellen said on Wednesday.
"We will try to conduct our monetary policy, and to communicate about it ... in a manner that is understandable to financial markets to avoid the kinds of surprises that could cause jumps in interest rates, that could cause such capital flows," Yellen said at an event sponsored by the International Monetary Fund.
- Exclusive: Angry with Washington, 1 in 4 Americans open to secession
- Secret Service investigates after man jumps White House fence, reaches doors
- Scots spurn independence in historic vote, devolution battle begins |
- French jets strike in Iraq, expanding U.S.-led campaign against Islamic State |
- About 60,000 Syrian Kurds flee to Turkey as Islamic State advances |