Federal Reserve Chairwoman Janet Yellen says she thinks that a healthy economy is
in sight, but not before the end of 2016.
In a speech at the Economic Club of New York on
Wednesday, Yellen noted that the Fed's monetary policy committee's latest
projections were for the unemployment
rate to fall within the range of what officials think is full employment for
the U.S., 5.2 to 5.6 percent, by the end of 2016, and for inflation to rise to
about 1.7 to 2 percent.
If that forecast comes true, Yellen noted, it mean that
the economy had achieved “maximum employment” and stable inflation “for the
first time in nearly a decade.” That scenario, she said, is “quite plausible.”.....To Read More.....
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