Arab Today, arab today feds yellen sees rate hike later 2015
Last Updated : GMT 17:30:02
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Fed's Yellen sees rate hike 'later 2015'

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Arab Today, arab today Fed's Yellen sees rate hike 'later 2015'

Federal Reserve Chair Janet Yellen
Washington - Arab Today

Federal Reserve Chair Janet Yellen reiterated her view Friday that the central bank will likely begin raising interest rates before the end of 2015.

"I expect that it will be appropriate at some point later this year to take the first step to raise the federal funds rate and thus begin normalizing monetary policy," she said in a speech in Cleveland, Ohio.

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