{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Yellen: Rate Hike Likely Appropriate this Year' data-url='/boclips/videos/5c54d20fd8eafeecae1de670' data-video-url='/boclips/videos/5c54d20fd8eafeecae1de670' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nYellen: Rate Hike Likely Appropriate this Year\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eUS Federal Reserve Chair Janet Yellen said Wednesday that the central bank has no \"fixed timetable\" for raising interest rates but she believes the economy is ready for a rate hike by the end of the year.She said during an appearance...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eUS Federal Reserve Chair Janet Yellen said Wednesday that the central bank has no \"fixed timetable\" for raising interest rates but she believes the economy is ready for a rate hike by the end of the year.She said during an appearance before the House Financial Services Committee that when the Fed met last week, a majority of her colleagues believed it would be appropriate to raise rates before the end of this year.The Fed boosted its key policy rate in December 2015 to a range of 0.25 percent to 0.5 percent. But since then, officials have left the rate unchanged. Yellen told the lawmakers that she believed it would make sense to boost the rate again \"if things continue on the current path and no significant new risks arise.\"Yellen was testifying on the Fed's role in regulating the nation's banking system. She also said the financial health of the financial system has strengthened considerably since the 2008 financial crisis, in part because of tougher regulations passed by Congress in 2010.POOL Washington, DC - 28 September 2016 1. Various of US Federal Reserve Chair Janet Yellen walking into Congressional hearing 2. SOUNDBITE: (English) Janet Yellen, US Federal Reserve Chair: \"We expect to see the unemployment rate fall farther. We expect to see solid job growth continue but we do need if things continue on their current course to gradually remove the accommodation that is there. Now, it's probably not that much. Our estimate of how much accommodation there is has come down over time as economists have reconsidered what is a neutral stance of policy, but nevertheless, there is accommodation and while there's no fixed timetable for removing it, many of my colleagues indicated in their recent projections, the majority, that they would see it as appropriate to make a move to take a step in that direction this year if things continue on the current path and no significant new risks arise.\"  3. Yellen at hearing 4. SOUNDBITE: (English) Janet Yellen, US Federal Reserve Chair: ++STARTS OFF-CAMERA++\"Our post-crisis approach to regulation and supervision is both forward-looking and tailored to the level of risk that firms pose to financial stability and the broader economy.  Standards for the largest, most complex banking organizations are now significantly more stringent than standards for small and medium-sized banks, which is appropriate given the impact that the failure or distress of those firms could have on the economy.  As I have discussed, we anticipate taking additional actions in the near term to further tailor our regulatory and supervisory framework. Yet even as we finalize the major elements of post-crisis reform, our work is not complete.  We must carefully monitor the impact of the regulatory changes we have made and remain vigilant regarding the potential emergence of new risks to financial stability.\"  4. 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