The Federal Reserve will likely raise interest rates "at some point later this year" according to Janet Yellen – who sketched out a positive outlook for the US economy in her speech on July 10.
Despite arguing there is still slack in the labour market, Yellen suggested full employment was "coming closer into view" and inflation would rise to 2% over "the next few years".
"Based on my outlook, I expect that it will be appropriate at some point later this year to take the first step to raise the f
- Treasury committee to investigate BoE’s lack of diversity
- Canada’s Project Jasper to explore clearing of securities in third phase
- Bank of Portugal sells majority share in ‘good bank’
- Fed’s Powell: banks still have important role in payments
- Xi sees renminbi taking greater role in global monetary system