Yellen sees rates rising gradually without giving precise timing

FEDERAL RESERVE Chair Janet L. Yellen said positive forces supporting U.S. job growth and higher inflation will still probably outweigh negative developments, calling additional gradual interest-rate increases appropriate without specifying their precise timing. She is shown in a file photograph from the Economic Outlook Luncheon last year put on by the Greater Providence Chamber of Commerce. / BLOOMBERG NEWS FILE/SCOTT EISEN
FEDERAL RESERVE Chair Janet L. Yellen said positive forces supporting U.S. job growth and higher inflation will still probably outweigh negative developments, calling additional gradual interest-rate increases appropriate without specifying their precise timing. She is shown in a file photograph from the Economic Outlook Luncheon last year put on by the Greater Providence Chamber of Commerce. / BLOOMBERG NEWS FILE/SCOTT EISEN
WASHINGTON - Federal Reserve Chair Janet Yellen said positive forces supporting U.S. job growth and higher inflation will still probably outweigh negative developments, calling additional gradual interest-rate increases appropriate without specifying their precise timing. “I continue to think that the federal funds rate will probably need to rise gradually over time to ensure price stability…

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