It remains very depressed, housing starts below levels that seem consistent with underlying demographics. Federal Reserve Chair Janet Yellen More Quotes by Federal Reserve Chair Janet Yellen More Quotes From Federal Reserve Chair Janet Yellen The pace of improvement in the labor market appears to have slowed more recently, suggesting that our cautious approach... remains appropriate. Federal Reserve Chair Janet Yellen company-news I think it’s fair to say that it was one of the factors that factored into today’s decisions. Federal Reserve Chair Janet Yellen top-news If incoming data are consistent with labor market conditions strengthening and inflation making progress toward our 2 percent objective, as I expect, further gradual increases in the federal funds rate are likely to be appropriate. Federal Reserve Chair Janet Yellen company-news It's appropriate... for the Fed to gradually and cautiously increase our overnight interest rate over time, and probably in the coming months such a move would be appropriate. Federal Reserve Chair Janet Yellen company-news Global developments pose ongoing risks. Federal Reserve Chair Janet Yellen money Given the risks to the outlook, I consider it appropriate for the Committee to proceed cautiously in adjusting policy. Federal Reserve Chair Janet Yellen company-news These developments if they prove persistent, could weigh on the outlook for economic activity and the labor market. Federal Reserve Chair Janet Yellen top-news Should any of these downside risks materialize, foreign activity and demand for U.S. exports could weaken and financial markets could tighten further. Federal Reserve Chair Janet Yellen top-news Ongoing employment gains and faster wage growth should support the growth of real incomes and therefore consumer spending. Federal Reserve Chair Janet Yellen top-news I think we have a far more resilient system now than prior to the financial crisis. Federal Reserve Chair Janet Yellen technology What the committee has been expecting is that the economy will continue to grow at a pace that is sufficient to generate further improvements in the labor market and to return inflation to our 2 percent target over the medium term, if the incoming information supports that expectation, then our statement indicates that December would be a live possibility. Federal Reserve Chair Janet Yellen company-news Considerable historical evidence suggests that inflation will eventually begin to rise as resource utilization continues to tighten. Federal Reserve Chair Janet Yellen business Most FOMC participants, including myself, currently anticipate that achieving these conditions will likely entail an initial increase in the federal funds rate later this year, followed by a gradual pace of tightening thereafter. Federal Reserve Chair Janet Yellen top-news Prospects are favorable for further improvement in the U.S. labor market and the economy more broadly, low oil prices and ongoing employment gains should continue to bolster consumer spending, financial conditions generally remain supportive of growth and the highly accommodative monetary policies abroad should work to strengthen global growth. Federal Reserve Chair Janet Yellen us If the economy evolves as we expect, economic conditions likely would make it appropriate at some point this year to raise the federal funds rate. Federal Reserve Chair Janet Yellen top-news Considerable progress has been achieved in the recovery of the labor market, though room for further improvement remains. Federal Reserve Chair Janet Yellen us
