Yellen Says Rate Hikes On Track

Yellen Says Rate Hikes On Track

The U.S. economy is on a solid course, so the Federal Reserve is on track for further interest rate hikes, Federal Reserve Chair Janet Yellen said on Thursday.

“She said that, seven years after the brutal financial crisis, the U.S. labor market was now close to full strength, again arguing that inflation would not be held down much longer by the strong dollar and low oil prices.”