Fed's Yellen speech: We recognize dangers of persistent undershooting 2% inflation objective

Eren Sengezer FXStreet

Janet Yellen, Chair of the Board of Governors of the Federal Reserve System, is responding to questions from Congress members with the key quotes, via Reuters, found below:

Recognize dangers of persistent undershooting 2 pct inflation objective
For several months, fed has seen unusually low inflation readings
Some temporary factors appear to be at work in holding down inflation
Premature to reach judgment that u.s. not on path to 2 pct inflation over next couple of years

Key Notes:

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About Janet Yellen

Janet L. Yellen took office as Chair of the Board of Governors of the Federal Reserve System on February 3, 2014, for a four-year term ending February 3, 2018. Dr. Yellen also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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