Yellen: Not predicting or recommending rates increase
|US Treasury Secretary Janet Yellen at the WSJ CEO Council says that she's not predicting or recommending rates increase.
She doesn't see the rescue package overheating the economy.
She also said, ''we don't have an adequate cryptocurrency regulatory framework''.
The interview ended and had little reaction in the markets.
Earlier, equities had traded defensively amid declines in technology stocks and comments from US Treasury Secretary Janet Yellen that the Fed may need to raise interest rates somewhat to prevent the economy from overheating, analysts at ANZ bank explained.
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