SF Fed's Yellen says rates may have to go up

Federal Reserve Bank of San Francisco President Janet Yellen reiterated Tuesday 12 September her concerns about inflation, and again said now is a time for policy makers to gauge how past interest-rate hikes are affecting the economy.

Yellen, a voting member of the interest rate-setting Federal Open Market Committee, spoke before a community group in Emeryville, Calif. Her address was similar to one given to a group in Boise, Idaho, last week.

"With inflation too high, policy must have a bias