SF Fed's Yellen on the U,S. economic outlook

In a speech on 'The U.S economic outlook' given on 11 February, Janet Yellen of the Federal Reserve Bank of San Francisco said the U.S. economy is on track for sustainable above-trend growth, and with monetary policy still accommodative, interest rates will keep rising.

"Over time, the degree of accommodation will have to diminish, with policy reverting toward so-called 'neutral' for inflation to remain well contained," Yellen said. "The Fed is totally committed to price stability."

"The closer

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