Yellen Considers Higher Interest Rate

The head of the U.S. central bank says she expects the U.S. job market to continue improving, and the rate of inflation to rise closer to the Federal Reserve's two percent target rate. Many economists interpret that as a signal that Fed officials will raise the key interest rate on December 16, a change that has been under consideration for a long time. In a speech to the Economic Club of Washington on Wednesday, Fed Chair Janet Yellen said she expects the economic drag from the...

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