You could think she was doing stand -up comedy in a rural bar:
Federal Reserve Chair Janet Yellen voiced confidence in the durability of the U.S. economic expansion in the face of slowing global growth and turbulent financial markets at a closed-door meeting in Washington last weekend, according to two people familiar with her comments.
The people, who asked not to be named because the meeting was private, said Yellen told the Group of 30 that the economy looked to be on track to achieve growth of around 3 percent going forward. She also saw inflation eventually rising back up to the Fed’s 2 percent target as unemployment falls further, according to the people.
How do those “one-liners” stack up with reality?
For the last 56 months, real output growth has averaged 1.5% (2.1% if you leave out this year´s “winter blues”).
Meanwhile, inflation has averaged just shy of 1.5% and has only barely surpassed the 2% target in two of the 56 months.
Apparently that´s consistent with “being on track” to achieve 3% real growth (2025?) with inflation also rising to 2% at that time.