YELLEN ON RATES: Rep. Carolyn Maloney (D., N.Y.) goes for the will-you-raise-rates-in-December question.
Ms. Yellen says, “at this point, I see the U.S. economy as performing well.” She notes solid domestic spending despite weak trade performance.
And she’s ticking off the key points from the last Federal Open Market Committee statement. She says “it could be appropriate” to raise rates next month of the data cooperates. But she stresses the committee has not made a decision.
It’s a very careful recitation of the Fed’s prior statements here, with Ms. Yellen reading reading from notes, but keeps the door wide open for a December rate increase.
(via WSJ's Sudeep Reddy)