AMHERST, Mass., Sept. 25 (UPI) -- Federal Reserve Chairwoman Janet Yellen built her argument before a university audience that short-term interest rates should be raised before the end of the year.
In a nearly hourlong speech Thursday on how inflation influenced the Fed's approach to monetary policy, Yellen told a crowd of professors and students at the University of Massachusetts at Amherst that despite last week's decision to leave interest rates near zero, they might not be staying there much longer.