Dubai-Mubasher: Federal Reserve Chairwoman Janet L. Yellen expressed her confidence in the U.S. economic growth that will be sufficient to generate additional increases in employment and push inflation to rise.
Yellen stressed that inflation rate would move up to the Fed's annual 2% target over the medium-term.
The previous statements strongly indicated that the Fed would lift its benchmark rate this month from the 0 to 0.25% range where it has held since 2008 in its meeting scheduled to be in December 15-16.
The recent data showed an improvement in the economy since October 2015, she added.
The unemployment rate declined 2%; the lowest level since 2009.
