Tuesday July 14, 2020

Yellen says rate-hike case ‘has strengthened in recent months'

Federal Reserve Chair says economy is nearing its goals

26th August, 2016
Expect a hike... Yellen Pic: Getty

Federal Reserve Chair Janet Yellen said the case to raise interest rates is getting stronger as the US economy approaches the central bank’s goals.

"In light of the continued solid performance of the labour market and our outlook for economic activity and inflation, I believe the case for an increase in the federal funds rate has strengthened in recent months,” Yellen said in the text of a speech today to central bankers and...

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