Yellen: Fed rate hike may be needed to prevent economy from ‘overheating’

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U.S. Treasury Secretary Janet Yellen said this week that the Federal Reserve may have to raise interest rates in the future to cool off an economy moving too fast.

“It may be that interest rates will have to rise somewhat to make sure that our economy doesn’t overheat, even though the additional spending is relatively small relative to the size of the economy,” Yellen said in a taped interview with The Atlantic, which aired Tuesday.

Yellen’s remarks apply some pressure on the central bank, which…

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