According to Yellen, some additional rate increases are needed for the labor market not to "overheat"



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Federal Reserve Chair Janet Yellen speaks at a press conference on December 13, 2017 in Washington, DC. Yellen announced that the Federal Reserve was raising interest rates by a quarter of a point to 1.5%.

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Federal Reserve Chair Janet Yellen speaks at a press conference on December 13, 2017 in Washington, DC. Yellen announced that the Federal Reserve was raising interest rates by a quarter of a point to 1.5%.

Former US Federal Reserve Chairman Janet Yellen said on Tuesday that interest rates need to be raised further to prevent the economy from becoming too hot.

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