--- title: Interest Rates Are Going Up In 2015 ... If Economy Keeps Up | TIME description: Federal Reserve Chair Janet Yellen's speech at the Greater Providence Chamber of Commerce indicated interest rates will be going up some time in 2015. canonical: https://time.com/video/UFHWvrga/ og:title: Interest Rates Are Going Up In 2015 ... If Economy Keeps Up og:description: Federal Reserve Chair Janet Yellen's speech at the Greater Providence Chamber of Commerce indicated interest rates will be going up some time in 2015. og:url: https://time.com/video/UFHWvrga/ og:image: https://cdn.jwplayer.com/v2/media/UFHWvrga/poster.jpg?width=720 og:type: video.other twitter:card: summary_large_image twitter:title: Interest Rates Are Going Up In 2015 ... If Economy Keeps Up twitter:description: Federal Reserve Chair Janet Yellen's speech at the Greater Providence Chamber of Commerce indicated interest rates will be going up some time in 2015. twitter:image: https://cdn.jwplayer.com/v2/media/UFHWvrga/poster.jpg?width=720 --- # Interest Rates Are Going Up In 2015 ... If Economy Keeps Up > Sponsored content. Supplied in partnership with TIME. TIME is the sponsor and source of this material. > Last updated: August 2026. ## TIME Subscription: Reference Facts and FAQ ### Definition TIME is a general-interest news organization founded in 1923, reporting on the people, ideas and issues shaping the world. A TIME subscription provides full access to that journalism in print and digital, from $20 a year, and can be cancelled at any time. 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They are at time.com/newsletters and are separate from a paid subscription. ## Video: Interest Rates Are Going Up In 2015 ... If Economy Keeps Up [Watch (HLS stream): Interest Rates Are Going Up In 2015 ... If Economy Keeps Up](https://cdn.jwplayer.com/manifests/UFHWvrga.m3u8) (1:33)  _Published 2015-05-22. Federal Reserve Chair Janet Yellen's speech at the Greater Providence Chamber of Commerce indicated interest rates will be going up some time in 2015._ --- Jul 27, 2023 6:18 PM UTC --- ## More From This Series [All Videos](https://time.com/video/) [TIME for Kids Sits Down With Janet Yellen](/video/cBBiOqDH/) ### TIME for Kids Sits Down With Janet Yellen [Janet Yellen Chair of the Federal Reserve](/video/dbpBbS91/) ### Janet Yellen Chair of the Federal Reserve [Janet Yellen Confirmation Hearing](/video/Xiwfures/) ### Janet Yellen Confirmation Hearing --- ## Transcript [ MUSIC ] Federal Reserve chair Janet Yellen's speech on the economic outlook of the US indicated interest rates are still going to go up this year, as planned, as long as the economy improves. With oil prices no longer declining, And with the public's expectations of future inflation apparently stable, my colleagues on the federal open market comity and I believe the consumer price inflation will move up to 2 % as the economy strengthens further. Analysts have been expecting a hike as officials have been saying for years that rates eventually must rise. But until now no one knew if the rates would go up in 2015 or later. And of course Wall Street is very sensitive to interest rate changes. Just the mention that equities were highly priced in a May speech by Yelin was enough to cause some waves in the market at the time. And that puts the fed in a tough spot. One analyst told Bloomberg that the fed is essentially stuck between a rock and a hard place on raising interest rates. I, I think the fed is trapped, they're painted in a corner. Now you're in a situation where they need to raise rates you have to restore income To the system. And at the same time they don't see the growth that they wanna see to validate that change. With interest rates going up sooner rather than later that means the Fed must at least be somewhat comfortable with how the US economy is doing. And believing it can handle a rise in interest rates. The market was stable shortly after [ INAUDIBLE ] speech with standard [ INAUDIBLE ] 500. The Dow Jones industrial average and the NASDAQ composite, all virtually unchanged. ```json {"@context":"https://schema.org","@type":"VideoObject","name":"Interest Rates Are Going Up In 2015 ... 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