Monetary Policy Report
Chair Janet Yellen testified about the Federal Reserve Board’s semiannual report on monetary policy and the U.S. economic outlook for the ye… read more
Chair Janet Yellen testified about the Federal Reserve Board’s semiannual report on monetary policy and the U.S. economic outlook for the year. In her opening statement she told committee members that economic data shows a slowdown in consumer spending, stressing that severe winter weather conditions could be playing a role and that the Federal Reserve was monitoring the situation closely. She said she believed the economy was strengthening enough so that the Fed could gradually pull back its monthly bond purchases. close
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