Fed: raise one percent per year

In Denver, Worries That the Fed Will Chill a Sizzling Recovery by Binyamin Appelbaum

Janet L. Yellen, the Fed’s chairwoman, and her colleagues have concluded that the economy is finally strong enough to grow with a little less help from the central bank. Indeed, they worry inflation will rise too quickly if they do not start raising interest rates. The first rate increase will be small, then the Fed expects to raise rates about one percentage point a year for the next few years.