SF Fed's Yellen on the economy and monetary policy

In the speech 'Views on the economy and implications for monetary policy' given on 29 July Janet Yellen of the Federal Reserve Bank of San Francisco said the Fed should keep raising interest rates to pull some of the stimulus out of the U.S. economy.

"Policy still appears to be somewhat accommodative," Yellen said told community leaders in Portland, Ore. "Given the recent inflation performance and the dwindling of slack, it makes sense to continue the process of removing that accommodation."

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