Fed Chairperson Janet Yellen on the US Labor Market and Inflation

Date Published 8/25/2014
Author Marja Hoek-Smit
Theme Housing Finance and the Economy
Country United States

August 22, 2014

In a 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 more rapidly than anticipated, increases in the federal funds rate target would come sooner than Federal Open Market Committee currently expects.

Link to full speech>>

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