Jul 10, 2015

Yellen: Fed still on track to raise rates this year

WASHINGTON (AP) — Federal Reserve Chair Janet Yellen said the Fed is on track to start raising interest rates later this year but expressed multiple concerns over headwinds that are still holding back the U.S. economy. She described the outlook for the economy and inflation as "highly uncertain," amid lingering weakness in the labor market and new potential threats overseas. Yellen, speaking on...

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