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Fed says yes to rate hike, but Congress may be saying no

Janet Yellen
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Janet Yellen

Fed officials are lining up behind a rate hike this year, but odds are rising that Congress could get in its way.

New York Fed President William Dudley said Monday that the Fed will likely raise rates this year, just days after Fed Chair Janet Yellen said the same thing and noted that she personally was behind it.

The list of obstacles is already long, with fears of slowing global growth because of China at the top.