Yellen: We seem to be on a path of inflation moving up

Yellen on inflation

We seem to be on a different path.

• Transitory factors are holding inflation down
• Before this year it was understandable why inflation missed target
• Low inflation could turn out to be something that's more ingrained
• There could be a re-think of inflation and I think it's important to watch carefully
• Most on FOMC believe we're on track to reach 2% inflation