Sherrod Brown

Yellen hints at rate hike next month while noting uncertainty in economic outlook

Yellen hints at rate hike next month while noting uncertainty in economic outlook

Federal Reserve Chairwoman Janet L. Yellen on Tuesday painted a largely upbeat picture of the economy, telling lawmakers that somewhat faster wage growth is in store for workers, even as she signaled that the central bank would consider raising interest rates as early as next month.

Most analysts are not looking for a Fed rate hike until June, and Yellen and her colleagues, at their last policy meeting two weeks ago, gave little indication of an imminent move. Yellen didn’t change her tune Tuesday, but with inflation on a favorable path and the labor market continuing to expand — the economy added a strong 227,000 jobs in January — she...

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