Federal Reserve Board Chair Janet Yellen speaks during a meeting of the Commonwealth Club on Jan. 18, 2017 in San Francisco. The Fed raised its target short-term interest rate at its last meeting in December and signaled that it expected to gradually raise rates this year.
Federal Reserve Board Chair Janet Yellen speaks during a meeting of the Commonwealth Club on Jan. 18, 2017 in San Francisco. The Fed raised its target short-term interest rate at its last meeting in December and signaled that it expected to gradually raise rates this year. Eric Risberg AP
Federal Reserve Board Chair Janet Yellen speaks during a meeting of the Commonwealth Club on Jan. 18, 2017 in San Francisco. The Fed raised its target short-term interest rate at its last meeting in December and signaled that it expected to gradually raise rates this year. Eric Risberg AP

Patience and prudence tested at the Federal Reserve

January 27, 2017 07:00 AM