Yellen gives clearest indication to date that rate hike maybe near
Posted on December 3, 2015 at 11:10 am GMTThe Chair of the Federal Reserve, Janet Yellen yesterday gave the clearest indication yet that a rise in US dollar interest rates is near. Yellen said she was “looking forward” to the first rate hike, as it would signal that the US economic recovery was strong enough to be able to withstand non-zero interest rates. Delaying the first rate rise further could have negative implications, according to Yellen. The Fed Chair therefore tried to give a positive interpretation of the [..]