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Federal Reserve Chair Janet Yellen expects interest rates to be raised this year
Speaking on Friday, Federal Reserve Chair Janet Yellen said that the U.S. economy is well positioned for growth despite the persistence of certain problems on a global scale. She noted that she expects the interest rate to be raised this year.
"If the economy continues to improve as I expect, I think it will be appropriate at some point this year to take the initial step to raise the federal funds rate target," Yellen noted.
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