Yellen Says U.S. Economy May Strengthen This Year, Time Reports

Janet Yellen, confirmed this week by the Senate to succeed Ben S. Bernanke as Federal Reserve chairman, said in an interview with Time magazine that the U.S. economy will accelerate this year and more employment opportunities may follow.

“I think we’ll see stronger growth this year,” Yellen said. “Most of my colleagues on the Fed’s policy making committee and I are hopeful that the first digit” of gross domestic product “could be 3 rather than 2.”