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