Fed Chair Yellen: Rate increase ‘may be warranted later this year’ – CNBC

3/27/2015 – An interest rate increase “may be warranted later this year,” even though the economy remains weak by historical standards, Fed Chair Janet Yellen said on Friday.

In prepared remarks for delivery at a San Francisco Fed conference, Yellen said it was not essential to see a rise in core inflation before raising interest rates. She suggested that a weakening in inflation or wages, on the other hand, would hold the central bank back from the first rate hike in 9 years.

At the same time that she was suggesting … read more

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