Fed's Yellen speech: Not all groups in labor market faring equally well

Eren Sengezer FXStreet

Janet Yellen, Chair of the Board of Governors of the Federal Reserve System, is responding to questions from Congress members with the key quotes, via Reuters, found below:

Fed seeing attenuated links between labor market and wages
Not all groups in labor market faring equally well
Strongly opposed to audit the Fed legislation
Concerned about changes that would allow political interference in Fed decision-making

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.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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