Janet Yellen says December interest rate hike is still on the table

Federal Reserve chair tells House committee that no decision has been made but a rise in rates is still a 'live possibility' despite continued low inflation

A December interest rate increase is still on the table, US Federal Reserve chair Janet Yellen said Wednesday during testimony before the House financial services committee.

Asked by New York congresswoman Carolyn Maloney, a Democrat, whether the risk of raising rates in December outweigh the benefits, Yellen said that the committee has made no decision yet but that December rate hike was still a "live possibility".

Related: Federal Reserve keeps interest rates unchanged but hints at December rise

Bill Dudley on December liftoff: "I fully agree with the Chair. It is a live possibility, but let's see what the data shows"