Econ­omy

The Washington Post Sunday - - TAKING STOCK -

Fed­eral Re­serve Chair Janet L. Yellen de­clined to say whether the cen­tral bank will raise in­ter­est rates at its meet­ing in March in tes­ti­mony be­fore Congress, al­though she also said it would be “un­wise” to wait too long to in­crease rates. In her semi­an­nual re­port to the Se­nate Bank­ing Com­mit­tee, Yellen in­di­cated that the Fed would be care­fully watch­ing to see whether in­fla­tion ac­cel­er­ates in the months to come, as well as how the planned tax cuts, in­fra­struc­ture spend­ing and other mea­sures promised by the Trump ad­min­is­tra­tion would af­fect Amer­i­can work­ers and the econ­omy.

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