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Yellen Q&A: We want to move in a prudent, gradual manner

Yellen answering questions from reporters:

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  • It's prudent to monitor financial conditions and spending in the economy
  • It's important not to over-blow the significance of this hike, it's only 25 bps
  • The outlook will evolve with incoming data
  • Neutral isn't a policy goal, it's a useful benchmark
  • Above-trend growth will help achieve inflation goal
  • Further decline in jobless rate will erode slack
  • "I'm not going to give you a simple formula for what we need to see on inflation to raise again. We're also going to monitor the path of employment."
  • "I have been surprised by the further drop in oil prices "

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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