Yellen: Fed mulls interest rate hike 'this year'
Federal Reserve Chair Janet Yellen
San Francisco - Arab Today
The Federal Reserve is considering raising the United States' near-zero interest rates "this year" even though this may slow the economy, Fed Chair Janet Yellen said Friday.
"The committee is now giving serious consideration to beginning to reduce later this year some of the extraordinary monetary policy accommodation currently in place," Yellen said in a speech in San Francisco, according to the prepared text.
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