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

Economy is 'nearing' Fed's goals of full employment and stable prices, she adds

Published Fri, Aug 26, 2016 · 09:50 PM

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    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 believe the case for an increase in the federal funds rate has strengthened in recent months," she said in the text of a speech on Friday to central bankers and economists in Jackson Hole, Wyoming.

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