Fed's Yellen expects rate hike 'some point this year'

GMT 17:15 2015 Friday ,22 May

Arab Today, arab today Fed's Yellen expects rate hike 'some point this year'

Janet Yellen
Washington - Arab Today

Janet Yellen said Friday she expects the Federal Reserve to begin raising interest rates "at some point this year," saying delaying the long-awaited move risks the economy overheating.

But the Fed chair also stressed the economy still showed weaknesses, with still significant job market slack not reflected in the 5.4 percent jobless rate.

 

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