Fed Yellen: December a live meeting, not decision made on rates

FXStreet (Córdoba) - Fed Chair Janet Yellen said the US economy is performing well although she acknowledged some slowdown in employment.

Regarding monetary policy, Yellen said FOMC thought it could be appropriate to move in December but that no decision was made. She reiterated that December would be live meeting as they continue to monitor data.

Yellen said she sees a gradual upward path for interest rates which shouldn’t hurt the housing recovery.