Fed Chair Yellen says poor US jobs report ‘concerning’

Chair of the Board of Governors of the Federal Reserve System Janet L Yellen attends the f
AFP

Philadelphia (AFP) – Federal Reserve Chair Janet Yellen said Monday the dismal US jobs report for May was “concerning” but stressed she was still “positive” on the outlook for economic growth.

In a speech, Yellen highlighted a number of uncertainties facing the US economy and backed away from specific forecasts for interest rate increases, only saying they should come “gradually”.

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