Fed hikes as Yellen hails strong job growth
Janet Yellen gives her last press conference as Federal Reserve chair
The Federal Reserve has hiked its policy rate by a further 25 basis points as monetary policymakers see continued strength in the US economy.
The Federal Open Market Committee voted to raise the federal funds rate to the range of 1.25–1.5%. The action provoked dissent from Chicago Fed president Charles Evans and Minneapolis Fed president Neel Kashkari. Both preferred keeping the rate steady.
In her opening remarks at what was her last FOMC press conference, chair Janet Yellen stressed the US
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