Federal Reserve Chair Updates Senate Panel on Outlook for Employment, Inflation

Federal Reserve Chair Janet Yellen testifies during a semiannual report on the monetary policy to the Senate Banking committee that considerable uncertainty attends the economic outlook, including potential changes to fiscal policies in the path of productivity growth in addition to activity abroad. Yellen cites factors in monetary policy, including the federal funds rate based on developments overseas and keeping inflation near 2 percent and raising federal funds rate by a quarter of a percent. Yellen says that at upcoming meetings, the committee will evaluate whether employment and inflation are evolving in line with expectations, in which case she says further adjustment will likely be appropriate. Yellen says changes in policy would affect the economic outlook but it is too early to know what policy changes would be put in place and their effects would be, that while she wish not to opine on specific tax policies but recommends quickening the pace of economic growth, hoping policy changes would be consistent with the planned trajectory, one of many factors that influence the outlook.

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Restrictions: May not be used as partisan political campaign material to promote or oppose the candidacy of any person for elective public office, and may not be used to distort the objects and purposes of the hearing, or cast discredit on or dishonour any member of the United States House of Representatives or US Senate, or bring the House or Senate or any Member into disrepute.Editorial Use only. May not be used as partisan political campaign material to promote or oppose the candidacy of any person for elective public office, and may not be used to distort the objects and purposes of the hearing or cast discredit or dishonor any member of the House or bring the House or any Member into disrepute.

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Credit: FedNet
Clip #: 641879612HD
Collection: FedNet
Date created: 14 February, 2017
Licence type: Rights-ready
Release info: Not released. More information
Clip length: 00:05:17:08
Location: Washington, DC, United States
Mastered to: QuickTime 8-bit H.264 HD 1280x720 30p More information
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Source: FedNet
Object name: sba021417b.mov

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