News

Fed’s Yellen Says ‘Make Sense’ to Gradually Raise Interest Rates

Wed January 18, 2017

With the U.S. economy close to full employment and inflation headed toward the Federal Reserve’s 2 percent goal, it “makes sense” for the U.S. central bank to gradually lift interest rates, Fed Chair Janet Yellen said on Wednesday.

“Waiting too long to begin moving toward the neutral rate could risk a nasty surprise down the road – either too much inflation, financial instability, or both,” Yellen told the Commonwealth Club of California in San Francisco.

Read more on New York Times