Yellen: Fed nearing its goals
Most analysts expect at least two interest rate hikes this year [Xinhua]
US Federal Reserve Chair Janet Yellen outlined monetary policy goals for the coming quarters on Wednesday when she emphasized that the Fed was beginning to see two of its goals for national employment and inflation realized.
“Now it’s fair to say the economy is near maximum employment and inflation is moving toward our goal,” Yellen told members of the Commonwealth Club in San Francisco Wednesday evening.
The current unemployment rate is 4.7 per cent.