Yellen to Fed: Data 'Suggests' Further Rate Cuts Are 'Appropriate'

During an interview with CNBC on Thursday, Treasury Secretary Janet Yellen responded to a question on if she thinks the Federal Reserve has rates that are too high by stating that the Fed's members expect rates to be cut and "when you have an economy that's growing at potential, that's operating at full employment, with inflation in the vicinity of the Fed's target, that suggests that a more neutral stance of policy is appropriate."