Investing.com - Federal Reserve Chair Janet Yellen said Wednesday she was "looking forward" to an interest rate hike, indicating optimism in the economy.
Yellen did not indicate if she still expected a rate hike at the Fed's last remaining policy meeting this year on December 15-16.
Job growth through October suggested the labor market was still healing, but she noted that it was still not at full strength.
She also reaffirmed her view that the drag from abroad on U.S. economic growth and inflation would start to moderate next year.
She said the timing of the first U.S. rate hike was not as important as the path of subsequent hikes, which she said should be gradual.