Yellen: Case For US Rate Hike 'has Strengthened'


Yellen: Case for US rate hike 'has strengthened'

WASHINGTON, (APP - UrduPoint / Pakistan Point News - 26th August, 2016) : Justifications for an interest rate increase in the United States have grown in recent months, US Federal Reserve Chair Janet Yellen said Friday.

"In light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an increase in the federal funds rate has strengthened in recent months," Yellen told the Fed's annual central banking symposium in Jackson Hole, Wyoming.