Janet Yellen's speech: Dangerous to allow inflation to drift down and miss target

As part of a larger series of conversations with former BOE Governor Mervyn King, Federal Reserve Yellen's comments are trickling through from an event taking place at New York University.

Janet Yellen's speech and most recent comments as follows:

Janet Yellen's speech: "Can be quite dangerous to allow inflation to drift down and miss target over time."

Janet Yellen's speech: "Reasonably close' to inflation, employment goals; 4.1% unemployment at or below goal."

Janet Yellen's speech: "Raising rates too slowly risks tightening labour market too much."

Janet Yellen's speech: "4.1% unemployment at or below goal."

Janet Yellen's speech: "Inflation below target, appropriate to gradually raise rates."

Janet Yellen's speech: "Can be quite dangerous to allow inflation to drift down and miss target over time."

Janet Yellen's speech: "Inflation expectations have not drifted down too much."

Janet Yellen's speech: "Raising rates key to dealing with potential future negative shock."

Janet Yellen's speech: "Raising rates too slowly risks tightening labour market too much."

Janet Yellen's speech: "Want to avoid boom and bust for US economy."

Janet Yellen's speech live feed:

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.