Fed's Yellen Maintains Outlook for Rate Hike in 2015

Federal Reserve Chair Janet Yellen says she still expects to raise interest rates this year and repeated that the subsequent pace of increases will be gradual. Yellen's remarks were made in a speech in Cleveland, her first public remarks since the June meeting of the Federal Open Market Committee. (Excerpt. Source: Bloomberg)

Full Show: Bloomberg Daybreak: Americas (08/16)
50:50 - Bloomberg Daybreak: Americas hosted by David Westin and Jonathan Ferro. Guests include Jon Beinner, co-head of global fixed income at Goldman Sachs Asset Management, Shawn Golhar, head of public policy research at Barclays Capital, and Rep. Tom Reed, a member of the House Ways and Means Committee and a Republican from New York. (Source: Bloomberg)
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