(Bloomberg) -- Federal Reserve Chair Janet Yellen suggested thatthe central bank might delay, but not abandon, planned interest-rate increases inresponse to recent turmoil in financial markets.
In presenting the Fed’s semi-annual economic report to Congress,Yellen said the turbulence had "significantly" tightened financialconditions by pushing down stock prices, pushing up the dollar andraising some borrowing costs.
"These developments, if they prove persistent, could weigh onthe outlook for economic activity and the labor market," she toldthe House Financial Services Committee on Wednesday.
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