Economics
Yellen Says Fed Hike Probably Appropriate in ‘Coming Months’
- Fed chair steers clear of sending an explicit signal on June
- Says U.S. economy continuing to improve, inflation to rise
Yellen: Appropriate for Fed to Increase Rates
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Federal Reserve Chair Janet Yellen said the ongoing improvement in the U.S. economy would warrant another interest rate increase “in the coming months,” stopping short of giving an explicit hint that the central bank would act in June.
“It’s appropriate -- and I’ve said this in the past -- for the Fed to gradually and cautiously increase our overnight interest rate over time,” Yellen said Friday during at Harvard University in Cambridge, Massachusetts. “Probably in the coming months such a move would be appropriate.”