Federal Reserve Chairwoman Janet Yellen said Thursday she doesn’t see the U.S. economy at risk of overheating and doesn’t expect growth to pick up much soon, comments suggesting the central bank is sticking to its plan of raising interest rates cautiously and gradually in the months ahead. Ms. Yellen’s remarks, prepared for delivery at Stanford University, offered a counterpoint to many investors who think the incoming Trump administration’s plans for tax cuts and more government spending will boost growth, possibly...

Source: Wall Street Journal January 20, 2017 01:00 UTC