Monetary Policy and the Economy
2014-07-15T10:03:03-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvMWIxXC8yMDE0MDcxNTEwMTUwMzAwM19oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==Janet Yellen presented to the committee the Federal Reserve Board’s semiannual report on monetary policy. She said the economy had improved but that the recovery was still not complete, and highly accommodative monetary policy was still needed. On asset purchases, Chair Yellen expected additional reductions following future meetings, with purchases likely ending following the October 2014 meeting. Regarding interest rates, she stated that increasing was dependent on economic conditions, and that if the labor market recovered more quickly, increases could happen sooner and more rapidly.
Janet Yellen presented to the committee the Federal Reserve Board’s semiannual report on monetary policy. She said the economy had improved … read more
Janet Yellen presented to the committee the Federal Reserve Board’s semiannual report on monetary policy. She said the economy had improved but that the recovery was still not complete, and highly accommodative monetary policy was still needed. On asset purchases, Chair Yellen expected additional reductions following future meetings, with purchases likely ending following the October 2014 meeting. Regarding interest rates, she stated that increasing was dependent on economic conditions, and that if the labor market recovered more quickly, increases could happen sooner and more rapidly. close
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