Fed's Yellen says solid economic growth means more rate hikes ahead
Janet Yellen
Outgoing Federal Reserve Bank Chair Janet Yellen  said on Friday that solid economic growth   faster wage increases   and a tightening labor market mean the U . S . central bank is likely to need to continue to raise interest rates gradually   as it has signaled it will . “ The economy is growing at a healthy   solid pace  ”  Yellen  said in an interview with PBS NewsHour on the last day of  her  four - year term . “ The job market is strong and inflation is low ... The Federal Reserve has been on a path of gradual rate increases   and if conditions continue as they have been   that process is likely to continue   and as it does we would expect long rates to move up .” On Saturday she hands the reins to President Donald Trump ’ s pick to replace her   Governor Jerome Powell . She will stay in Washington as a fellow at the Brookings Institution   the think tank where former Fed Chair Ben Bernanke also works .
[TGT]said on Friday that solid economic growth   faster wage increases   and a tightening labor market mean the U . S . central bank is likely to need to continue to raise interest rates gradually   as it has signaled it will . “ The economy is growing at a healthy   solid pace  ”  [TGT]said in an interview with PBS NewsHour on the last day of  [TGT]  four - year term . “ The job market is strong and inflation is low ... The Federal Reserve has been on a path of gradual rate increases   and if conditions continue as they have been   that process is likely to continue   and as it does we would expect long rates to move up .” On Saturday [TGT] hands the reins to President Donald Trump ’ s pick to replace [TGT]   Governor Jerome Powell . [TGT] will stay in Washington as a fellow at the Brookings Institution   the think tank where former Fed Chair Ben Bernanke also works .