Fed's Yellen speech: Will be challenging to reach 3% economic growth over the next few years
Janet Yellen, Chair of the Board of Governors of the Federal Reserve System, is responding to questions from the Senate Banking Committee members with the key quotes, via Reuters, found below:
- Prepared to act against Wells Fargo board members if investigation deems it is appropriate
- Will be 'quite challenging' for u.s. to reach 3 percent economic growth over the next few years
- General agreement there are some 'distortions' in corporate tax code that could be changed to improve productivity
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.
