Economics
Yellen Says Rate-Hike Case ‘Strengthened in Recent Months’
- In Wyoming, Fed chair says economy nearing Fed’s twin goals
- GDP growth been sufficient to boost labor market, she says
Yellen: Case to Raise U.S Rates Getting Stronger
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Federal Reserve Chair Janet Yellen said the case to raise interest rates is getting stronger as the U.S. economy approaches the central bank’s goals.
“In light of the continued solid performance of the labor 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,” she said in a speech Friday to central bankers and economists in Jackson Hole, Wyoming.