Yellen on US economic and monetary policy

In a speech on US economic and monetary policy given on 9 September Janet Yellen of the San Francisco Fed said the Fed's overnight interest rate remains well below the neutral level, so there is "a strong presumption that rates will need to keep going up as we move forward".

"In my view, it wouldn't be surprising to see growth pick up enough to exceed the rate that can be sustained in the long run, thus gradually moving the labour market toward full employment," Yellen said in the speech to

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