Yellen: US economy doing well; December rate hike possible

Federal Reserve Chair Janet Yellen said Wednesday that US economic activity remains solid and that the Fed could decide to increase interest rates at its December meeting.

“At this point I see the US economy as performing well,” she told a congressional panel, reiterating that the Fed’s policy statement last week “indicates that December would be a live possibility” for the first increase in the federal funds rate in more than nine years.

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