You are here

Yellen says rate-hike case 'has strengthened in recent months'

Economy is 'nearing' Fed's goals of full employment and stable prices, she adds
Saturday, August 27, 2016 - 05:50
BT_20160827_CPYELLEN27_2462421.jpg
MS YELLEN 'We expect to have less scope for interest rate cuts than we have had historically.'

Washington

FEDERAL Reserve chair Janet Yellen said the case to raise interest rates is getting stronger as the US economy approaches the central bank's goals.

"In light of the continued solid performance of the labour market and our outlook for economic activity and inflation, I