Yellen: US Rates May Rise This Year

The chair of the US Federal Reserve, Janet Yellen, said she expects the central bank to begin raising interest rates "at some point this year". She said delaying the long-awaited move would pose risks to the economy. She said , the US economy is likely to recover from a slow start to this year and if it does, rates could go up. However, she added that the economy still showed some room for improvement, with some unemployment not factored into the 5.5% jobless rate.