Fed likely to raise rates in coming months, Yellen says

The Federal Reserve is likely to increase interest rates in the next few months as the economy continues to improve, Chair Janet Yellen says. "It's appropriate … for the Fed to gradually and cautiously increase our overnight interest rate over time, and probably in the coming months such a move would be appropriate," Yellen said.

Bloomberg (5/27),  CNBC (5/27),  The Washington Post (tiered subscription model) (5/27),  The Wall Street Journal (tiered subscription model) (5/27)