Federal Reserve Chair Janet Yellen To Testify Before Joint Economic Committee In December

Federal Reserve Chair Janet Yellen, Sept. 17, 2015 — Federal Reserve Chair Janet Yellen holds a news conference after the Federal Open Market Committee meeting in Washington, Sept. 17, 2015. Reuters/Jonathan Ernst

WASHINGTON (Reuters) -- Federal Reserve Chair Janet Yellen will appear at the Joint Economic Committee of the U.S. Congress on Dec. 3, a committee representative said Saturday. "Chair Yellen is scheduled to testify before the Joint Economic Committee the morning of Thursday, December 3," Kristine Michalson said in an email.

The Fed's policy-setting Federal Open Market Committee is meeting next week, but it is not expected to raise rates, which have been kept near zero for nearly seven years.

Economists see a December rate increase as more likely, but futures markets are not pointing to a move until next year.

(Reporting by David Chance; Writing by Mohammad Zargham; Editing by Hugh Lawson)

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