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