Fed's Yellen sees rates hikes, mostly good economic picture

June 6, 2016 5:07 PM

11 0

PHILADELPHIA Federal Reserve Chair Janet Yellen said on Monday that interest rate hikes are likely on the way because "positive economic forces have outweighed the negative" for the United States now that risks from earlier this year have diminished.

In the last public comment from any U.S. central banker before a key policy meeting next week, the Fed chief said last month's jobs report was "disappointing" and bears watching, though she warned against attaching too much significance to it on its own.

Also read: Australia shares likely to inch higher, NZ up

Read more

To category page