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Janet Yellen

Case for interest rate hike 'has strengthened in recent months,' Fed chair says

Federal Reserve Chair Janet Yellen signaled Friday that an increase in a key interest rate is on the table at the central bank's next meeting in September but is far from a sure thing.

In her first public comments in two months, Yellen said the economy is improving to the point that policy-makers soon could nudge up the benchmark federal funds rate for the first time since December. She did not give a timetable.

"In light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an increase in the federal funds rate has strengthened in recent months," Yellen said in remarks to a central bankers...