In the News

Title

Janet Yellen Prepares to Take the Training Wheels Off the U.S. Economy

Authors

David Francis

Document Type

Article

Publication Date

12-15-2015

Abstract

’s rare that a meeting of the U.S. Federal Reserve’s wonkish Federal Open Market Committee, which sets U.S. interest rates, can be considered historic. But that will be the case Wednesday, when Fed chief Janet Yellen is widely expected to raise the cost of borrowing in the United States for the first time in a decade, shedding one of the last vestiges of the the Great Recession.