Yellen Signals Solid Economy Would Spur December Rate Hike
“At this point, I see the U.S. economy as performing well,” Yellen said on Wednesday in testimony before the House Financial Services Committee in Washington.
Fed Leaves Rates Unchanged
Federal Reserve opted to delay a rate increase amid stubbornly low inflation, an uncertain outlook for global growth and recent financial-market turmoil.
Fed Says Labor Market Improves as It Moves Toward Rate Rise
The FOMC is moving closer to ending an unprecedented period of near-zero interest rates without providing a clear signal on the timing of liftoff.
Yellen Upbeat on Economy Amid GOP Attacks
Yellen rejects more oversight of Fed as House Republicans criticize her.
Yellen Maintains Outlook for First Fed Rate Hike in 2015
But "unanticipated developments could delay or accelerate this first step," the Fed chief said.
Many Fed Officials Were Inclined to Keep Zero Rates Longer
FOMC meeting minutes showed diverging views over when the first increase may be appropriate.