Yellen Signals Rate Hike Likely This Month 1 234 567

Yellen Signals Rate Hike Likely This Month

voanews.com

The head of the U.S. central bank says improvements in employment and rising inflation mean an interest rate increase will "likely be appropriate" later this month.

Federal Reserve Chair Janet Yellen told a Chicago audience the change will come if economic data continues to come in as expected.

The Fed raised rates just twice in the past decade after slashing them to record lows to boost economic growth and fight unemployment during the recession.

WATCH: Yellen on Federal...

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