4 takeaways from Yellen after Fed decides not to raise rates

Here are four takeaways from Federal Reserve Chair Janet Yellen’s news conference following the Fed’s decision to keep its federal funds rate at or near zero:

Stop focusing so much on when the Fed will start raising rates

Too much attention is being paid to when the Fed will begin raising its federal funds rate and not enough attention to the fact that the Fed plans to raise this rate only gradually once this tightening begins, Yellen said.

The federal funds rate is what banks charge each… …read more