Yellen Sees Rate Rise in 2015, Gradual Tightening Thereafter
Federal Reserve Chair Janet Yellen said she still expects to raise interest rates this year if the economy meets her forecasts, with a gradual pace of tightening to follow.
While the labor market is nearing full strength, “we are not there yet,” she said Friday in a speech in Providence, Rhode Island.
Read more here: http://www.bloomberg.com/…/yellen-sees-rate-rise-in-2015-gr…
Federal Reserve Chair Janet Yellen said she still expects to raise interest rates this year if the economy meets her forecasts, with a gradual pace of tightening to follow.
While the labor market is nearing full strength, “we are not there yet,” she said Friday in a speech in Providence, Rhode Island.
Read more here: http://www.bloomberg.com/…/yellen-sees-rate-rise-in-2015-gr…
