Federal Reserve Chairwoman Janet Yellen: the economic mobility strengthens the economy and more research is needed to understand what policies have impact on that economic mobility

Market news

2 April 2015

Federal Reserve Chairwoman Janet Yellen: the economic mobility strengthens the economy and more research is needed to understand what policies have impact on that economic mobility

The Federal Reserve Chairwoman Janet Yellen said on Thursday that the economic mobility strengthens the economy and more research is needed to understand what policies have impact on that economic mobility.

"Research could help us better understand how much mobility at the individual level matters for overall growth in productivity and economic output," Yellen noted.

Yellen didn't comment on monetary policy or the economic outlook.

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