Janet Yellen: Rate adjustment would likely be appropriateStaff Writer | March 3, 2017
The Federal Reserve is likely to raise interest rates in March barring any unpleasant surprises, Fed Chair Janet Yellen said.
America The personal-consumption expenditures price index rose
"We realize that waiting too long to scale back some of our support could potentially require us to raise rates rapidly sometime down the road, which in turn could risk disrupting financial markets and pushing the economy into recession," she added.
Her remarks follow similarly hawkish rhetoric from a number of Fed officials over the past few weeks.
New York Fed President William Dudley said Tuesday that the case for a March move had become "a lot more compelling."
The personal-consumption expenditures price index, closely regarded by the Fed as a measure of inflation, rose a seasonally adjusted 0.4% in January from the prior month and climbed 1.9% from a year earlier, the Commerce Department said last week. ■