Fed Says It Will Be ‘Patient’ on Interest Rate Timing

WASHINGTON — Janet L. Yellen, the Federal Reserve chairwoman, said on Wednesday that the Fed still expected to start raising interest rates next year, but that it would wait patiently for the right time and did not expect to begin any earlier than late April.

Ms. Yellen’s remarks, and a statement issued by the Fed’s policy-making committee, both emphasized that the nation’s central bank was not inclined to act more quickly in light of positive economic news, including stronger job growth and plummeting oil prices.

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