Labor Market Dynamics and Monetary Policy

Federal Reserve System

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Date Published 2014
Primary Author
Other Authors
Theme Housing Finance and the Economy
Country United States


In this speech at the yearly Fed conference in Jackson Hole, Wyoming, Janet Yellen gave a detailed analysis of the US labor market, indicating it might have less of a remaining slack than anticipated. If labor market conditions continue to progress or inflation moves rapidly than anticipated, increases in the federal funds rate target would come sooner than Federal Open Market Committee currently expects.

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