Rising global interest rates pose a threat to the U.S. financial system, the Fed said in a recent report
GDP growth in the current April-June period is expected to be even faster
Economists believe the rising confidence will bolster economic growth
Economists expect further price gains in coming months
The U.S. central bank also upgraded its growth and inflation forecasts
Financial markets rebounded following the central banker’s comments
The Fed chair’s comments are in contrast to the increasing optimism about an economic rebound
Anxiety over a double-dip recession is rising as economists look ahead to a "grim" winter
The spread of the coronavirus prompted the Fed to cut rates in an emergency move
The unexpected decline was influenced by weaker sales at gas stations