Fed's Yellen speech: Import prices are rising at a modest rate
|Janet Yellen, Chair of the Board of Governors of the Federal Reserve System, is giving her remarks before the Senate Banking Committee with the key quotes, via Reuters, found below:
- Import prices are rising at a modest rate
- Systematic risk remains in housing, suggests reform move forward
- Wouldn’t favor reducing capital for most systemic banks
- Premature to conclude inflation trend below 2%
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.
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