As the market points to a nearly 100 percent probability that the US Federal Reserve will raise interest rates in December, Janet Yellen warned of the risks of postponing that decision. Taking too much time to make that decision may lead the Fed to have to steeply raise interest rates in the future or create excessive risk behaviors in the markets. And he says the climb will happen "soon".

Yellen was broadly optimistic surrounding the economic outlook as growth appeared to have picked up from its subdued pace at the beginning of the year.

Chair Janet L. YellenThe Economic Outlook
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