Janet Yellen Admits Fed CAN'T Raise Interest Rates! Stock Market Hits 2016 High!

Janet Yellen Admits Fed CAN'T Raise Interest Rates! Stock Market Hits 2016 High!

Who Is Janet Yellen?

Janet Yellen wasn't always at the helm of the most powerful bank in the world. This short video shows how her humble beginnings, education and career taught her to become a calm and guiding force of the U.S. Federal Reserve. (Video by David Yim and Amy Marino) Images courtesy of: Berkeley University, Brooklyn Historical Society, Brooklyn Public Library, Brown University Archives, Jim Wilson/The New York, Times/Redux Pictures, Pembroke, UC Berkeley's Haas School of Business. (Source: Bloomberg)

Janet Yellen FOMC Statement

Press Conference with Chair of the FOMC, Janet Yellen



 FOMC statement: http://www.federalreserve.gov/newseve...
Information received since the Federal Open Market Committee met in July suggests that economic activity is expanding at a moderate pace. On balance, labor market conditions improved somewhat further; however, the unemployment rate is little changed and a range of labor market indicators suggests that there remains significant underutilization of labor resources. Household spending appears to be rising moderately and business fixed investment is advancing, while the recovery in the housing sector remains slow. Fiscal policy is restraining economic growth, although the extent of restraint is diminishing. Inflation has been running below the Committee's longer-run objective. Longer-term inflation expectations have remained stable.