The Chair of the U.S. Federal Reserve told U.S. House of Representatives Financial Services Committee America's central bankers are considering additional interest rate hikes.
The Federal Open Market Committee has been slowly raising key interest rates as they feel the U.S. economy is recovering, but not growing too quickly.
The Federal Funds rate is what many other interest rates are based on, and raising this rate generally raises the cost of borrowing money in the U.S.
Fed Chief Janet Yellen says another rate hike is possible.
IN: "The committee...
OUT: ...neutral level."
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The Chair of the U.S. Federal Reserve Janet Yellen says they are paying particular attention to labor markets.
IN: "Indeed, the...
OUT: ...normal level."
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