Yellen Says U.S. Economy Not Likely To Overheat, Outlook Remains Strong

Fed Chairwoman Janet Yellen said last week she doesn’t think growth will overheat the U.S. economy, suggesting she’s in favor of raising rates slowly over the course of the year.

Her comments are contrary to the beliefs of many investors, who fear President Donald Trump will promote policies that will drive growth so quickly the Fed may need to step in and raise rates more quickly and steeply than they otherwise would, the Wall Street Journal reports. Despite Trump’s plans to cut taxes and increase infrastructure spending, Yellen said the economy is constrained by long-term forces.

While citing an aging population, rising rates and weak foreign demand as forces that might keep the U.S. economy from overheating, Yellen said the Fed will need to be alert and raise rates if inflation starts to get out of control. [WSJ]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

After 5 Years Of Gains, Commercial Real Estate's C-Suites Just Got Less Diverse

Summer Broke The Script. Here's What CRE Is Walking Back Into

'We Aren't Competitive': Power, Taxes Keep Colorado On The Data Center Sidelines

Blue Owl Reportedly Planning Data Center REIT

HUD Wants To Make It Easier To Bring Private Capital Into Public Housing

Private REIT Closes $650M Refinancing Of 549-Property Daycare Portfolio

Buc-ee's Convenience Store Star Fades As Visits Slip

Walker & Dunlop On Why The Housing Market Is More Balanced Than It Appears

Retailers Charging Ahead With EV Stations Despite Policy Pullback

U.S. Office Sales Show 31% Year-Over-Year Growth

Data Center Demand Doubles, Fueling New AI Boomtowns

Hall Of Fame Running Back Emmitt Smith Sued Over Failed Texas Solar Project