SF Fed's Yellen on prospects for the economy

In the speech 'Prospects for the economy' given on 18 April Janet Yellen of the Federal Reserve Bank of San Francisco said the U.S. economy is likely to slow back toward trend growth after a "hot" first quarter, and runs the risk of slowing more based on the Fed's long string of rate hikes.

"I am increasingly concerned about the well-known long and variable lags in monetary policy -- specifically, that the delayed effects of our past policy actions might impact spending with greater force than

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