The Federal Reserve held its benchmark interest rate steady in late January and delivered its strongest signal to date that the central bank may have reached the end of its latest series of interest-rate increases. Nick Timiraos explains. Photo: GettyFormer Federal Reserve chairwoman Janet Yellen said in a radio interview that she didn’t think President Trump understood economic policy or the mission of the Fed. Ms. Yellen made the comments in an interview on the American Public Media radio program “Marketplace.” The transcript was released Monday. Ms. Yellen also said she was worried...

Source: Wall Street Journal February 25, 2019 19:28 UTC