Tuesday, February 24, 2015

Yellen Flags Fed. Interest Rate Hikes on 'Meeting By Meeting' Basis

The chair of the US Federal Reserve has described for the first time how the central bank plans to signal an approaching rise in interest rates, which have been near zero since 2008. 

Speaking to lawmakers on Capitol Hill, Janet Yellen said the Fed is pleased with recent economic growth but thinks there's still room for improvement.

Lorna Shaddick reports from Washington. 

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