Fed's Yellen: We believe appropriate to raise rates gradually
|Fed's Chairwoman Janet Yellen is on the wires, saying that many emerging market countries are in much stronger shape now than they were, less vulnerable to spillovers.
More headlines (via Reuters):
- We do focus heavily on spillovers from U.S. policy into other economies
- Number of reasons to believe interest rates will remain low as we normalise policy
- Asset valuations are somewhat rich
- Says by standard metrics some asset valuations look high, no certainty about that
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