US's SOLID ECONOMIC GROWTH

Janet Yellen: Former Chair of the Board of Governors of the
 Federal Reserve System 

Fed's Yellen says solid economic growth means more rate hikes ahead.

OUTGOING  Federal Bank Chair Janet Yellen said some two weeks ago that solid economic growth, faster wage increases, and a tightening labour market means that-

The US central bank is likely to need to continue to raise interest rates gradually, as it has signaled it will.

''The economy is growing at a healthy, solid pace,'' Yellen said in an interview with PBS NewsHour on the last day of her four-year term.

''The job market is strong and inflation is low.......... The Federal Reserve has been on a path of a gradual rate increases, and if conditions continue as they have been, that process is likely to continue, and as it does we would expect long rates to move up.''

On Saturday last, she handed over the reins to President Donald Trump's pick to replace her, Governor Jerome Powell.

She will stay in Washington as a fellow of the Brookings Institution, the think tank where former Fed Chair Ben Bernanke also works.

[Agencies]