Economy at Risk If Monetary Policy Normalization Is Delayed Too Long – Fed Chair Janet Yellen
Despite lingering labor market and low inflation concerns, Federal Reserve Chair Janet Yellen appears to be slightly more optimistic on the U.S. economy, adding there are risks to delaying the start of rate hikes, she said during her speech at the Economic Club of Washington on Wednesday.
In her speech, Yellen noted that she continues to see the U.S. economy improve over the next few years, reducing slack in the labor market and pushing inflation to the central’s bank target of 2%.
“Although the economic outlook, as always, is uncertain, I currently see the risks to the outlook for economic activity and the labor market as very close to balanced,” she said in her speech.
Edited by Rogerdodger, 02 December 2015 - 11:23 PM.