Janet Yellen, Federal Reserve Chair, announced in her July 10th speech that she expects the Fed to raise the federal funds rate later this year. Yellen cautioned that the job market hasn’t fully recovered from the recession and that the economy is still working towards full employment. However, Yellen was mostly positive about the economy’s potential growth in the next few years despite the weak labor market.
See "Yellen Still Expects Rate Hike This Year", Christopher Condon and Craig Torres, July 13, 2015