MoneyWatch: Fed chair speaks out on interest rates; Minimum wage hike set for Berkeley, California

MoneyWatch: Fed chair speaks out on interest rates; Minimum wage hike set for Berkeley, California

CBS News

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Federal Reserve Chair Janet Yellen said when she expects the central bank to raise interest rates. Also, the minimum wage for Berkeley, California, is set for a new increase, and the city is wrestling with the idea of raising it more down the road. Brian Webb reports on the day's top MoneyWatch headlines.

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