Here's a headline from CNBC: Yellen: "Rate hike probably appropriate in the coming months."
Federal Reserve Chair Janet Yellen answered questions at Harvard University on Friday as markets looked for more hints of when the central bank will hike interest rates.
Her appearance comes as colleagues on the Fed's policy making committee have pointed to an increase in the federal funds rate target sooner rather than later. Yellen has expressed caution this year on rates, as inflation lags below the Fed's 2 percent target and possible global risks persist.
Federal Reserve Chair Janet Yellen said Friday an interest rate hike is "probably" appropriate in the coming months if economic data improve.
"I think for the Fed to gradually and cautiously increase our overnight interest over time and probably in the coming months, such a move would be appropriate," she said at Harvard University.
Her appearance comes as colleagues on the Fed's policy making committee have pointed to an increase in the federal funds rate target sooner rather than later. Yellen has expressed caution this year on rates, as inflation lags below the Fed's 2 percent target and possible global risks persist.
Yellen said "the economy is continuing to improve." She said she sees growth picking up after a sluggish first quarter. Yellen added that oil prices and the dollar are "roughly stabilizing," which will help inflation move toward the Fed's goal.
"There's noting more dangerous than absolute certainty," goes an old saying. What about absolute hedging?
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