Janet Yellen Says Fed Is Likely to Raise Interest Rates This Year

September 25, 2015 8:48 AM

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Janet Yellen Says Fed Is Likely to Raise Interest Rates This Year

The Federal Reserve still intends to raise its benchmark interest rate this year, barring unpleasant surprises, the Fed chairwoman, Janet L. Yellen, said on Thursday.

Ms. Yellen, speaking a week after the Fed announced it was not ready to raise interest rates just yet, reiterated that the central bank was not planning to wait much longer. She said that labor market conditions were improving and that the Fed expected inflation to follow.

Also read: Azeri cbank head says could revise rates next year

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