The Fed is watching China very, very closely right now

Jim Bourg/Reuters The Federal Reserve is watching China.  In prepared remarks set to be delivered to Congress on Wednesday morning, Fed chair Janet Yellen made a number of references to China, specifically how financial conditions in the world's second-largest economy could impact US financial conditions going forward. "As is always the case, the economic outlook is uncertain," Yellen's remarks read. "Foreign economic developments, in particular, pose risks to U.S. economic growth. Most notabl...