Economics
Yellen Sees No Serious Short-Term Obstacles for U.S. Economy
- Says inflation “pretty close” to Fed’s 2 percent target
- Says doesn’t want to see banking regulations rolled back
Fed, Fiscal Policy, and Unwinding the Balance Sheet
This article is for subscribers only.
Federal Reserve Chair Janet Yellen said the U.S. economy faces no serious short-term obstacles, though it must deal with important long-term challenges of low productivity and growing inequality.
“Unemployment has now reached a low level, the labor market is generally strong and wage growth is beginning to pick up,” Yellen Thursday in a meeting with educators. “Inflation has moved up from a very low level, and it’s a little bit under our 2 percent objective, but it’s pretty close.”