WASHINGTON (AP) — Federal Reserve Chair Janet Yellen is signaling that the central bank could begin raising short-term rates six months after it halts its bond purchases around year’s end.

That was the clearest indication to date of when the Fed might raise its benchmark short-term rate, which has been at a record low near zero since 2008. The Fed has previously resisted specifying the timing of a possible increase in the short-term rate. Its latest statement says the rate could stay at a record low “for a considerable time” after the bond purchases end.

Recommended Stories

Judge denies DOJ effort to isolate 20,000 California mail ballots

Emergency declared at South Carolina nuclear site after lab fire

Trump rejects reports he directed Vance to initiate peace talks with Iran