- Yellen: can be quite dangerous to allow inflation to drift down and miss target over time
Market news
22 November 2017
Yellen: can be quite dangerous to allow inflation to drift down and miss target over time
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Inflation below target; appropriate to gradually raise rates
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'reasonably close' to inflation, employment goals; 4.1 pct unemployment at or below goal
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Raising rates key to dealing with potential future negative shock
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Inflation expectations have not drifted down too much
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Wants to avoid 'boom and bust' U.S. economy
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Raising rates too slowly risks tightening labor market too much
Market Focus
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