Economy
Janet Yellen Points to Rate Hikes Thru 2019: Full Employment, Inflation at Target
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Federal Reserve Chair Janet Yellen spoke on Wednesday, January 18, 2017 at the Commonwealth Club in San Francisco, California. Her speech was titled ‘The Goals of Monetary Policy and How We Pursue Them.’
While the background on what the Fed’s role is, the reality is that investors, economists, job seekers, consumers and borrowers alike all wonder just how far the FOMC plans to raise interest rates and over what sort of time period. The good news is that we got some of that data in Mrs. Yellen’s speech.
It turns out that the Federal Reserve is getting more comfortable with growth. They are also getting more comfortable with inflation at the 2% level. They are also getting more and more comfortable that the economy is close to full employment, and this was defined at close to 4.75%.
24/7 Wall St. took a look at some of the comments issued to see what was said, and we took out the guts without the historical reference for ease.
These comments have been plucked as paragraphs or as parts of paragraphs and they are not meant to flow back to back. Some of the commentary has been highlighted verbatim below.
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