Fed chief expects gradual rate rises

Posted: November 30, 2017 at 2:03 a.m.

Federal Reserve Chair Janet Yellen attends a hearing of the Federal Reserve Board Joint Economic Committee, Wednesday, Nov. 29, 2017, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)

Federal Reserve Chairman Janet Yellen said Wednesday that the Fed expects to continue raising interest rates gradually. And she sought to assure lawmakers that the Fed would take care not to choke off any extra growth generated by tax cuts as long as inflation stayed tame.

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