Saturday, July 11, 2015

Janet Yellen Federal Reserve Chairwoman Expects to Raise Rates This Year

Federal Reserve Raising Rates

Janet L. Yellen, the Federal Reserve chairwoman, said on Friday that she expected the Fed to raise its benchmark interest rate this year as the domestic economy continued to gain strength but pointed strongly to her concerns that U.S. labor markets remain weak and that more workers could be encouraged back into the job market with stronger growth.

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