Skip to main content
Advertising

Originally published March 19, 2014 at 1:35 PM | Page modified March 19, 2014 at 2:27 PM

  • Share:
           
  • Comments (0)
  • Print

Yellen hints rate hike is possible around mid-2015

Federal Reserve Chair Janet Yellen is signaling that the central bank could begin raising short-term rates six months after it halts its bond purchases around year's end.


AP Economics Writer

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

WASHINGTON —

Federal Reserve Chair Janet Yellen is signaling that the central bank could begin raising short-term rates six months after it halts its bond purchases around year's end.

That was the clearest indication to date of when the Fed might raise its benchmark short-term rate, which has been at a record low near zero since 2008. The Fed has previously resisted specifying the timing of a possible increase in the short-term rate. Its latest statement says the rate could stay at a record low "for a considerable time" after the bond purchases end.

Yellen sought to explain that term at a news conference Wednesday.

"This is the kind of term it's hard to define," she said. "Probably means something on the order of six months, or that type of thing."



Want unlimited access to seattletimes.com? Subscribe now!

News where, when and how you want it

Email Icon

Get ready for 2015

Get ready for 2015

The Seattle Times 12-month wall calendar features hand-picked photos of life in the Pacific Northwest. Order while supplies last!

Advertising

Advertising


Advertising
The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►