Economics
Yellen Signals Solid Economy Would Spur December Rate Hike
- Fed chair's testimony pushes U.S. Treasury yields higher
- Yellen says December interest-rate hike a `live possibility'
Yellen: Solid Economy Would Lead to December Rate Hike
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Fed Chair Janet Yellen said an improving economy has set the stage for a December interest-rate increase if economic reports continue to assure policy makers that inflation will accelerate over time.
“At this point, I see the U.S. economy as performing well,” Yellen said on Wednesday in testimony before the House Financial Services Committee in Washington.