Fed's Yellen speech: Very focused on trying to achieve 2% inflation target
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:
- Very focused on trying to achieve 2 pct inflation target
- Raising 2 pct inflation target "not a subject of discussion"
- FOMC has clearly indicated its intention to return to treasury-only portfolio
- Fed has not discussed purchasing municipal, student debt to her knowledge
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.
