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January 19, 2017

Yellen expects rates to rise over next 3 years

WASHINGTON (AP) — Federal Reserve Chair Janet Yellen says she expects the Fed to raise its benchmark interest rate several times a year through 2019, as it moves closer toward to its economic goals of maximum employment and stable inflation.

But in a speech in San Francisco Wednesday, she said she can't say when the next interest rate will occur or how high rates will rise. She says that will depend on how the economy performs in the coming months.


 
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