The live link is below
- Yellen says reasonably close to inflation, employment goals
- 4.1% unemployment at or below goal
- Inflation below target, appropriate to gradually raise rates
- Can be quite dangerous to allow inflation to drift down and miss target over time
- inflation expectations have not drifted down too much
- raising rates key to dealing with potential future negative shock
- raising rates too slowly risks tightening labour market too much
- Want to avoid boom and bust for US economy
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