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U.S. WASHINGTON D.C. FED GRADUAL RATE HIKES BALANCE SHEET REDUCTION

(170712) -- WASHINGTON, July 12, 2017 (Xinhua) -- U.S. Federal Reserve Chair Janet Yellen testifies at a hearing before the U.S. House Financial Services Committee in Washington D.C., the United States, on July 12, 2017. Yellen said Wednesday that the central bank will continue to raise interest rates gradually and shrink its balance sheet this year, while monitoring inflation closely. (Xinhua/Yin Bogu)more

(170712) -- WASHINGTON, July 12, 2017 (Xinhua) -- U.S. Federal Reserve Chair Janet Yellen gestures at a hearing before the U.S. House Financial Services Committee in Washington D.C., the United States, on July 12, 2017. Yellen said Wednesday that the central bank will continue to raise interest rates gradually and shrink its balance sheet this year, while monitoring inflation closely. (Xinhua/Yin Bogu)more

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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.

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6 years ago