U.S. Federal Reserve chief Janet Yellen sees gradual rate hikes starting this ye
The head of the U.S. Federal Reserve， Janet Yellen，... says a rate hike might be warranted later this year. In a speech at a Fed conference in San Francisco on Friday，... Yellen added that she does not need to see an increase in core inflation，... saying it′s ″not essential″ before a rate hike... and the Fed should start bumping the rate before it meets its two percent inflation target. She did， however， stress that the return to normal interest rates will be gradual. The Fed chief also pointed out that，... by historical standards，... the U.S. economy is still weak. The Federal Reserve has held rates near zero since December 2008.
