Yellen Remains Cautiously Optimistic
Interest rates will remain super low — for now. Fed Chairman Janet Yellen testified before the U.S. Senate this morning noting that the market has improved, although there remains plenty of room for growth. When inflation goes back to about 2 percent, then the Fed might raise rates. Risks remain if the rates stay at rock bottom, and some read between the lines to see Yellen laying the groundwork to hike rates later this year.