Janet Yellen Says Economy Is Ripe for Fed Interest Rate Increase

December 2, 2015 5:39 PM

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Janet Yellen Says Economy Is Ripe for Fed Interest Rate Increase

WASHINGTON — Janet L. Yellen, the Federal Reserve chairwoman, said Wednesday that economic conditions were ripe for the Fed to start raising its benchmark interest rate this month, a move that appears all but inevitable.

“The economy has come a long way toward the F.O.M.C.’s objectives of maximum employment and price stability,” Ms. Yellen said, according to the prepared text of a speech to the Economic Club of Washington, referring to the Federal Open Market Committee.

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