Fed rate hike may be warranted later this year: Yellen
March 27, 2015 at 15:45 PM EDT
SAN FRANCISCO, March 27 (Reuters) - The U.S. Federal Reserve is giving "serious consideration" to beginning to reduce its accommodative monetary policy and a rate hike may be warranted later this year, although a downturn in core inflation or wage growth could force it to hold off, the central bank's chief said on Friday.
