Yellen Testifies U.S. Job Recovery Far From Complete (Text)
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The following is a reformatted version of prepared remarks today by Federal Reserve Chairman Janet Yellen in testimony in Washington to the House Financial Services Committee:
“Chairman Hensarling, Ranking Member Waters and other members of the Committee, I am pleased to present the Federal Reserve’s semiannual Monetary Policy Report to the Congress. In my remarks today, I will discuss the current economic situation and outlook before turning to monetary policy. I will conclude with an update on our continuing work on regulatory reform.