Yellen Sides With Fed Camp Professing Faith in Price Forecasts
- September FOMC still a live meeting for rate hike: analysts
- Jackson Hole speech paves way for 2016 move, gives Fed options
Fed's Yellen: Rate Hike Case Has Strengthened
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Federal Reserve Chair Janet Yellen still has faith.
On Friday she expressed confidence that tighter labor markets over time will push inflation back to the central bank’s 2 percent goal, setting up a rate hike this year -- possibly as soon as next month -- if jobs data remain strong. That view breaks with a minority group of Fed officials who are more pessimistic about the relationship between labor markets and prices.