Janet Yellen, chair of the U.S. Federal Reserve, speaks during an Economic Club of Washington discussion in Washington earlier this month. With an expected interest rate hike, Yellen and her colleagues would be signaling that they believe the economy finally has recovered enough to start reversing seven years of holding the central bank’s benchmark short-term interest rate near zero.
Janet Yellen, chair of the U.S. Federal Reserve, speaks during an Economic Club of Washington discussion in Washington earlier this month. With an expected interest rate hike, Yellen and her colleagues would be signaling that they believe the economy finally has recovered enough to start reversing seven years of holding the central bank’s benchmark short-term interest rate near zero. Andrew Harrer Bloomberg
Janet Yellen, chair of the U.S. Federal Reserve, speaks during an Economic Club of Washington discussion in Washington earlier this month. With an expected interest rate hike, Yellen and her colleagues would be signaling that they believe the economy finally has recovered enough to start reversing seven years of holding the central bank’s benchmark short-term interest rate near zero. Andrew Harrer Bloomberg

Rate hike looks likely, but don’t expect ‘shock and awe’

December 15, 2015 06:27 PM

UPDATED December 15, 2015 07:58 PM

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