Janet Yellen, chair of the U.S. Federal Reserve, smiles during a Radcliffe Day event at Harvard University in Cambridge, Massachusetts, U.S., on Friday, May 27, 2016. Investors and traders are eager for visibility after the minutes of the Federal Open Market Committee's April policy-setting meeting showed that the central bank may be getting closer to another rate hike in the coming months, after an increase in December.
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By Howard Schneider / Reuters
May 27, 2016

The U.S. Federal Reserve should raise interest rates “in the coming months” if economic growth picks up as expected and jobs continue to be generated, Fed Chair Janet Yellen said on Friday.

“The economy is continuing to improve … growth looks to be picking up,” Yellen said in remarks in Boston. “If that continues and if the labor market continues to improve, and I expect those things to occur … in the coming months such a move would be appropriate.”

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