Yellen says economy close to achieving Fed goals

Ann Arbor, Michigan • Federal Reserve Chair Janet Yellen said Monday that the central bank is close to achieving its goals on employment and inflation. Her remarks could be seen as providing support for gradual increases in interest rates. While expressing satisfaction with how the economy is performing, Yellen did voice concerns about moves in Congress to limit the Fed’s independence. Yellen told an audience at the University of Michigan that unemployment is now below the point the Fed views as...

Share this post