Newspaper article The Canadian Press

National Audio 11:45 AM ET

Newspaper article The Canadian Press

National Audio 11:45 AM ET

Article excerpt

National Audio 11:45 AM ET

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NAT087 - (US-Yellen-Congress) WASHINGTON. x-12s. Federal Reserve Chair Janet Yellen says an improving economy should lead the U-S central bank to make additional interest rate hikes. She says the Fed expects to keep raising a key rate at a gradual pace, as long as the economy keeps performing as expected. ("..per cent goal.") (SOURCE:The Associated Press)

TAG: Yellen's testimony offered few clues on the timing of the next rate hike, although many analysts believe it could occur in September.

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NAT088 - (US-Yellen-Congress) WASHINGTON. x-13s. U-S Federal Reserve Chair Janet Yellen says the U-S central bank expects to keep raising its key interest rate at a gradual pace, and also plans to start trimming its massive bond holdings this year. Yellen took note of a number of encouraging factors in her semi-annual testimony to Congress on the American economy. …

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