Monday, March 31, 2014

Janet Yellen Gives ‘One of the Most Dovish Speeches I Have Ever Read’ - MoneyBeat - WSJ

Janet Yellen Gives ‘One of the Most Dovish Speeches I Have Ever Read’ - MoneyBeat - WSJ: "Ms. Yellen said Monday the U.S. economy and job market are still far from healthy, and still require plenty of support from the central bank’s low-interest-rate policy. The unemployment rate currently stands at 6.7%, well above the 5.2%-5.6% range that Fed officials see as normal. Annual inflation is running just above 1%, well below the central bank’s official 2% target."

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