Federal Reserve Chair Janet Yellen emphasized figures showed the US economy is on a sturdy track with certain clues of inflation, saying policymakers are inclined to additional interest rate hikes.
Yellen, speaking on a panel along with former Fed heads Ben Bernanke, Paul Volcker, and Alan Greenspan. The latter joined the three leaders through teleconference screens, said the country’s jobs market was about to regain its full stability.
The Fed head added the inflation won’t be affected that longer by slumping oil prices and strong US dollar. She also said gradual rate increases will be suitable, referring to current economic situations in the country.
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