Projecting an upbeat economic prospect for America, the Federal Reserve Chair has told the US lawmakers that global growth is expected to boost the country's exports. Ongoing job gains should continue to support the growth of incomes and, therefore, consumer spending. Global economic growth should support further gains in US exports," she said. These developments should increase resource utilisation somewhat further, thereby fostering a stronger pace of wage and price increases, she noted. The Federal Reserve, she noted, currently expects that, provided the economy evolves broadly, as anticipated, it will likely begin to implement the program this year.

Source: dna July 13, 2017 00:56 UTC