Yellen: Rates to stay low for considerable period


The economy is strong enough to bring down the unemployment rate, says Janet Yellen in introductory remarks at her press conference, but not so strong as to raise the inflation level. Rates will stay lower than "normal," she says, for a considerable period after inflation and unemployment move back to target.

The Fed will look at "a wide range of indicators," she says, but which data is key is a moving target.

The Q&A is just getting underway.

Previous FOMC coverage

Comments (3)
  • IPOChaser
    , contributor
    Comments (62) | Send Message
     
    Does Janet Yellen buy her own groceries or gas? I think not or she'd already see major inflation...just ask any restaurant owner.
    18 Jun 2014, 02:51 PM Reply Like
  • Self employed
    , contributor
    Comment (1) | Send Message
     
    We all need to clear out wall street and Washington to !!!!!! And do away with the fed !!!!
    18 Jun 2014, 06:15 PM Reply Like
  • quabbin
    , contributor
    Comments (127) | Send Message
     
    Simply the best for the upper one percent.
    Free money from the fed by a juiced up stock market yet no inflation. No shit.
    Inflation will not occur until everyone thrives.
    That will not happen until wages increase.
    Which will not happen until employment rises.
    Which will not happen until the fed get's the fuck out of Dodge and lets the free market do what it will and let interest rates adjust accordingly.

     

    Fun though!
    18 Jun 2014, 07:51 PM Reply Like
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