video Top News
Fed's Yellen says U.S. recovery incomplete, defends loose policy
Tuesday, July 15, 2014 - 01:07
Federal Reserve Chair Janet Yellen says U.S. economic recovery remains incomplete, with a still-ailing job market and stagnant wages justifying loose monetary policy for foreseeable future. Rough Cut (no reporter narration).
▲ Hide Transcript
▶ View Transcript
ROUGH CUT (NO REPORTER NARRATION) STORY: The U.S. economic recovery remains incomplete, with a still-ailing job market and stagnant wages justifying loose monetary policy for the foreseeable future, Federal Reserve Chair Janet Yellen told a Senate committee on Tuesday. In a strong defense of the central bank's current stance, Yellen said that early signs of a pickup in inflation aren't enough for the Fed to accelerate its plans for raising interest rates, a move currently expected in the middle of next year. That could change, with interest rates rising sooner and faster, if data show labor markets improving more quickly than expected, she said. But as it stands, "although the economy continues to improve, the recovery is not yet complete," Yellen said in semi-annual testimony before the Senate Banking Committee, repeating her focus on lagging labor force participation and weak wage growth as key to any conclusions about the economy's health. The Fed faces a complex agenda as it weans the U.S. economy from the massive stimulus programs put in place to fight the financial crisis. Economic data has kept Fed policymakers relatively upbeat that the economy will make steady progress towards the central bank's goals.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Fed's Yellen says U.S. recovery incomplete, defends loose policy
Tuesday, July 15, 2014 - 01:07
Editors' Picks »
10:41am GMT - (1:55)
Sun, 24 Mar, 2019 - (1:51)
Sun, 24 Mar, 2019 - (1:14)
Fri, 22 Mar, 2019 - (1:54)
Fri, 22 Mar, 2019 - (2:09)
Thu, 21 Mar, 2019 - (1:26)
Thu, 21 Mar, 2019 - (1:10)
Thu, 21 Mar, 2019 - (1:57)
Wed, 20 Mar, 2019 - (1:43)
Tue, 19 Mar, 2019 - (2:02)
Business »
7:09pm GMT - (4:46)
5:24pm GMT - (0:55)
5:22pm GMT - (4:07)
4:29pm GMT - (1:33)
4:15pm GMT - (1:24)
3:32pm GMT - (1:30)
2:41pm GMT - (1:46)
12:34pm GMT - (1:40)
12:34pm GMT - (2:20)
12:33pm GMT - (1:03)
12:33pm GMT - (1:10)
10:15am GMT - (1:40)
Featured Videos
Brexit is a tragedy for Shakespeare's hometown
Three years after the UK voted to leave the EU, and just a matter of days before it was supposed to officially happen, discontent runs deep in Shakespeare's birthplace - on both sides of the divide
Mosul coffee shop radio shares message of hope
A radio station in the Iraqi northern city of Mosul, once a stronghold of the Islamic State, starts broadcasting from a local cafeteria, in an effort to help residents return to normal life
England Rugby fans set off on epic cycle ride to Japan
Two rugby fans and amateur cyclists dubbed 'The Hairy Handlebars' set off on their epic 6,000 mile journey from London to Tokyo to raise money for charity
Found it! New York button shop saves the day
Tender Buttons, a narrow little New York shop, has specialized in solving the fashion crises of customers who are desperate to find just the right button since the 1960s
Europe's first underwater restaurant opens in Norway
The unusual concept has already attracted more than 7,000 people who've booked to eat with the fish
Technology »
2:45pm GMT - (1:31)
Sun, 24 Mar, 2019 - (2:14)
Fri, 22 Mar, 2019 - (1:25)
Wed, 20 Mar, 2019 - (1:42)
Wed, 20 Mar, 2019 - (1:23)
Wed, 20 Mar, 2019 - (2:08)
Tue, 19 Mar, 2019 - (1:34)
Tue, 19 Mar, 2019 - (2:26)
Entertainment »
5:17pm GMT - (1:00)
1:13pm GMT - (1:28)
1:10pm GMT - (2:01)
1:34am GMT - (1:51)
1:25am GMT - (1:53)
Mon, 25 Mar, 2019 - (2:07)
Fri, 22 Mar, 2019 - (1:40)
Fri, 22 Mar, 2019 - (1:00)
Fri, 22 Mar, 2019 - (1:19)
Sports And Leisure »
Mon, 25 Mar, 2019 - (1:29)
Mon, 25 Mar, 2019 - (1:30)
Mon, 25 Mar, 2019 - (1:32)
Fri, 22 Mar, 2019 - (1:03)
Thu, 21 Mar, 2019 - (1:26)
Thu, 21 Mar, 2019 - (0:52)
Thu, 21 Mar, 2019 - (1:19)
Wed, 20 Mar, 2019 - (1:31)
Tue, 19 Mar, 2019 - (0:57)
Oddly Enough »
Mon, 25 Mar, 2019 - (1:06)
Mon, 25 Mar, 2019 - (0:39)
Mon, 25 Mar, 2019 - (1:08)
Thu, 21 Mar, 2019 - (0:56)
Wed, 20 Mar, 2019 - (1:59)
Wed, 20 Mar, 2019 - (1:30)
Wed, 20 Mar, 2019 - (0:43)
Wed, 20 Mar, 2019 - (1:01)
Tue, 19 Mar, 2019 - (0:38)