Fed Chair Janet Yellen Defends 3% Inflation Floor; Says Lower Target Requires Cutting Structural Impediments
A Benjamin Cole post February 11, 2016, Washington, D.C.—Defiantly defending the U.S. Federal Reserve’s 3% inflation floor, Fed Chair Janet Yellen’s swatted away questions from U.S. Senators who said lower rates of inflation could be obtained safely. The “public and representatives have embraced thickets of structural impediments to growth,” retorted Yellen. “For the economy to […]