Economics
Full Text: Yellen Testimony to House Financial Services Panel
Fed Chair Yellen Points to Uncertainty of Inflation
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The following is a reformatted version of prepared testimony Federal Reserve Chair Janet Yellen is delivering Wednesday 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 briefly discuss the current economic situation and outlook before turning to monetary policy.