Live Update 
From the Liveblog of
Tuesday, June 21, 2016
From the Liveblog of
Tuesday, June 21, 2016
US warns Brexit will have ‘significant repercussions’ on international markets
Add ToI as a Preferred Source on GoogleUS Federal Reserve Chair Janet Yellen warns that a British vote to break with the European Union could rile international markets and have an impact on economic growth.
Two days before Thursday’s Brexit referendum, she tells a Senate panel that the issue was one of a number of important risks facing the US and the global economy.
“One development that could shift investor sentiment is the upcoming referendum in the United Kingdom,” she says.
“A UK vote to exit the European Union could have significant economic repercussions.”
Yellen counted the risks from the Brexit vote as one reason why the Fed will continue to move very cautiously on raising interest rates and tightening US monetary policy.
–AFP
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