La Federal Reserve could raise i interest rates sooner and more than expected if the labor market continues to improve faster than anticipated. This was stated by the chairman of the Federal Reserve Janet Yellen before the Senate Banking Committee.
On the other hand, the number one of the US Central Bank indicated that the time to raise the cost of money has not yet arrived and if, on the contrary, economic growth should disappoint, then rates will be more accommodating than currently expected.
Yellen noted that the labor market continues to struggle and most Fed officials expect inflation to remain below the 2% target this year. "Although the economy continues to improve - she explained - the recovery is not yet complete". “Too many Americans remain unemployed,” stressed the Fed's head.
