“As I'll explain more fully in a moment, this change in our guidance does not indicate any change in the committee's policy intentions as set forth in its recent statements. … Let me explain the economic outlook that underlies these actions.” That may not sound like a small revolution in the works, but Janet Yellen, on the job for less than a
New Fed Chair Turns Focus To Jobs
In her first press conference as chair of the Federal Reserve, Janet Yellen brought a remarkable new openness to what may be the world’s most powerful leadership position.