China, global conditions may throw U.S. economy off course: Yellen

연준이 의장 옐런"경제 힘들면 속도 늦추는게 맞다"... 금리인상 지연 시사 U.S. Federal Reserve Chair Janet Yellen has signaled that the Fed might delay， but not abandon， planned interest rate increases due to the ongoing risks facing the U.S. economy. For details we turn to Park Jong－hong. Further rate hikes in the United States may be put on the backburner due to global uncertainties. Giving testimony before Congress， Federal Reserve Chair Janet Yellen said a variety of risks could pose a threat to U.S. growth， and throw the economy off track. ″Persistent weakness abroad， exacerbated cncerns about the outlook for global growth. These growth concerns along with strong supply conditions and high inventories， contributed to the recent fall in the prices of oil and other commodities.″ As for the major risk， Yellen singled out the uncertainty over China，... saying it′s weighing on the U.S. economy by rattling business sectors and has the potential to drag down other countries as well. ″Should any of these downside risks materialize， foreign activity and demand for US exports could weaken and financial market conditions could tighten further.″ Despite the concerns， Yellen said the U.S. will likely stay on a path of moderate growth that will allow the Fed to push ahead with ″gradual″ adjustments to its monetary policy，... but she stressed there was no preset course. Yellen added that the labor market should continue to improve and inflation will eventually rise toward the Fed′s target. In December last year， the Fed raised the benchmark interest rate by 25 basis points， the first rate hike since the global financial crisis and recession in 2007. Park Jong－hong， Arirang News. Visit ‘Arirang News’ Official Pages Facebook(NEWS):   / newsarirang   Homepage: http://www.arirang.com Facebook:   / arirangtv   Twitter:   / arirangworld   Instagram:   / arirangworld