No Hike in 2015? Right On, Janet Yellen!

No Hike in 2015? Right On, Janet Yellen!
AP Photo/Cliff Owen, File

Janet Yellen's testimony on Capitol Hill that rates will stay lower for longer is right where the Federal Reserve should be.

The Fed chair pointed to significant slack still in the labor markets, weak overseas economies, including China, and inflation that remains below the Fed's stated 2-percent target.

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