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Fed's Yellen to testify before Joint Economic Committee Dec. 3
October 24, 2015 / 4:23 PM / 2 years ago

Fed's Yellen to testify before Joint Economic Committee Dec. 3

WASHINGTON (Reuters) - Federal Reserve chief Janet Yellen will appear at the Joint Economic Committee of the U.S. Congress on Dec. 3, a committee spokeswoman said on Saturday.

Federal Reserve Chair Janet Yellen holds a news conference following the Federal Open Market Committee meeting in Washington September 17, 2015. REUTERS/Jonathan Ernst

“Chair Yellen is scheduled to testify before the Joint Economic Committee the morning of Thursday, December 3,” committee spokeswoman Kristine Michalson said in an email.

The Fed’s policy-setting Federal Open Market Committee is meeting next week but is not expected to raise rates, which have been kept near zero for nearly seven years.

Economists see a December rate increase as more likely, but futures markets are not pointing to a move until next year.

Reporting by David Chance; Writing by Mohammad Zargham; Editing by Hugh Lawson

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