Yellen sees more jobs and inflation ahead, consistent with rate hike

WASHINGTON (MarketWatch) - The economy will continue to grow over the next several years, adding jobs and pushing inflation up to the U.S. central bank's 2% target, said Fed Chairwoman Janet Yellen, on Wednesday. In a speech to the Economic Club of Washington, Yellen, as expected, didn't explicitly say the Fed would raise interest rates at its meeting in two weeks, saying rather that she and her colleagues would assess all the data before making that decision. But Yellen suggested that she thinks the two requirements set out by the Fed for a rate hike - further improvement in the labor market and confidence that inflation will move higher - have been met.

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