02-12-2015 22:18 via news.yahoo.com

Yellen comments boost dollar, stocks fall

The dollar strengthened on Wednesday and stocks fell on Wall Street, as Federal Reserve Chair Janet Yellen signaled a readiness to hike interest rates and U.S. data indicated a solid labor market. Yellen said she was "looking forward" to a U.S. rate hike that will be seen as a testament to the economy's recovery from recession, although she did not indicate if she still expected a hike would be warranted at the Fed's last policy meeting of the year on Dec. 15-16. "I was a little surprised she so
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