Monetary Policy and the Economy
Federal Reserve Chair Janet Yellen briefed reporters on monetary policy and the economy following a two-day meeting of the Federal Open Mark… read more
Federal Reserve Chair Janet Yellen briefed reporters on monetary policy and the economy following a two-day meeting of the Federal Open Market Committee. She announced the committee by a 7-3 margin voted to keep federal fund rates the same, but she said the high number of dissents strengthened the case for an increase. She also responded to questions about whether the Federal Reserve is politically influenced, saying partisan politics play no role in decisions about monetary policy and that politics is not discussed in meetings. close
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