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Yellen Sees More Rate Hikes Ahead If Economy Stays on Course

  • ‘Waiting too long to remove accommodation would be unwise’
  • She gives no clear signal on timing of Fed’s next move
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Yellen Says Waiting Too Long to Raise Rates Is Unwise

Craig Torres, Christopher Condon and Jeanna Smialek
Updated on

Federal Reserve Chair Janet Yellen said more interest-rate increases will be appropriate if the U.S. economy meets the central bank’s outlook of gradually rising inflation and tightening labor markets.

“At our upcoming meetings, the committee will evaluate whether employment and inflation are continuing to evolve in line with these expectations, in which case a further adjustment of the federal funds rate would likely be appropriate,” she told the Senate Banking Committee in prepared remarks Tuesday.