Fed’s Janet Yellen Says ‘No Fixed Timetable’ on U.S. Rate Increase

Federal Reserve Chairwoman Janet Yellen on Wednesday said there is “no fixed timetable” for raising U.S. interest rates as the economy continues its recovery.

Still, she made clear that rate increases are on the way, particularly since strong labor-market gains could push inflation above the central bank’s 2% target. “We expect to see solid job growth continue, but we do need, if things continue on their current course, to gradually...