U.S. might be close to raising interest rates: Fed's Yellen

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Reuters WASHINGTON
Last Updated : Dec 04 2015 | 12:28 AM IST

WASHINGTON (Reuters) - The United States may be close to raising its benchmark interest rate and will be looking closely at Friday's monthly jobs report, Federal Reserve Chair Janet Yellen said on Thursday.

Yellen told a committee of lawmakers in Congress that while the Fed cannot overweight any particular jobs report, it will be looking for a solid rate of job creation in the November employment numbers.

(Reporting by Lindsay Dunsmuir and Jason Lange; Editing by Chizu Nomiyama)

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First Published: Dec 04 2015 | 12:09 AM IST

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