Martin Crutsinger: Rate Hike and Office Yellen

martin crutsinger: Her comments were seen as boosting the likelihood of a rate hike in December, as the country prepares for President-elect Donald Trump to take office, according to The Toronto Star. Yellen also said it was fully my intention to remain as Fed chair until her term ends in January 2018. Win McNamee / Getty Images By Martin Crutsinger The Associated Press Thu., Nov. 17, 2016 WASHINGTON Federal Reserve Chair Janet Yellen told Congress on Thursday that an improving U.S. economy has strengthened the case for raising interest rates. She said she could not imagine any circumstance that would cause her to leave early, addressing speculation that she might step down under Trump, given his critical comments of her during the election campaign. She told the committee that reports that have come out since the Fed met in early November show that the economy has continued to make good progress in achieving the goals the Fed wants to see before it raises rates again. In her testimony to a congressional committee, Yellen noted that the job market has made further improvement this year and that inflation, while still below the Fed 2-per-cent target, has started to pick up. (news.financializer.com). As reported in the news.