Fed Chair Janet Yellen OK After Receiving Medical Attention

Federal Reserve Chair Janet Yellen received medical attention on Thursday after she fell ill during a speech at the University of Massachusetts-Amherst. Citing a secret service agent, CNBC reported that Yellen was OK.

Reuters reported that Yellen was coughing and halted her speech to compose herself, before walking off stage. She had been speaking for about an hour.

Ia statement, the Fed said that Yellen “felt dehydrated at the end of a long speech under bright lights.” She saw a medic “as a precaution,” the statement said.

Yellen decided not to seek further treatment at a hospital and was expected to continue with scheduled events.

Earlier in the speech, Yellen said it was likely that the Fed would hike interest rates before 2016.

"Most of my colleagues and I anticipate that it will likely be appropriate to raise the target range for the federal funds rate sometime this year,” she said, according to CNBC.

The speech was part of the school's annual Philip Gamble Memorial Lecture .