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Fed's Yellen says growth in U.S. domestic economy is 'solid'

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Reuters WASHINGTON
Last Updated : Nov 05 2015 | 12:07 AM IST

WASHINGTON (Reuters) - America's domestic economy is growing at a "solid pace" but overall economic growth is being held back by weakness abroad, Federal Reserve Chair Janet Yellen said on Wednesday.

"At the moment what we see is a domestic economy that is pretty strong and growing at a solid pace, offset by some weakening spilling over to us from the global economy," Yellen said in an appearance before a House of Representatives committee.

(Reporting by Jason Lange)

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First Published: Nov 04 2015 | 11:55 PM IST

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