Yellen - Risk to allow US economy to run persistently 'hot'

Omkar Godbole FXStreet Contributor

Fed's Yellen, while speaking at the Stanford Institue for Economic PolicyResearch, said it is unwise and quite risky to allow US economy to run persistently 'hot.

key quotes

'prudent' to adjust stance of monetary policy gradually

Labor utlization close to estimated long-run level

Fed is not behind the curve

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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