SEATTLE/ MEXICO CITY/ WASHINGTON, March 5 (Reuters) -
F ederal Reserve Chair Janet Yellen vowed on Wednesday to “do all
that I can” to boost a U.S. economy where unemployment is too
high and inflation is too low.
“The economy continues to operate considerably short” of the
central bank’s objectives of full employment and stable prices,
Yellen said at a swearing-in ceremony at the central bank in
SEATTLE (Reuters) – The Federal Reserve will probably need to start raising short-term U.S. interest rates in the middle of next year as economic growth picks up and the jobless rate falls, a top Fed official said on Wednesday.
“My own view, based on my own forecast, is that it would be sometime around the middle of next year. It could be later or earlier, depending on how the economy does,” San Francisco Fed President John Williams told reporters after a speech to students at the University of Seattle.
By Ann Saphir
(Reuters) – Rebounding auto sales and improving home sales and construction are good evidence that the Federal Reserve’s super-easy monetary policy is boosting the U.S. economy, a top Fed official told a group of students on Wednesday.
“The rebounding sectors are the interest-sensitive ones,” San Francisco Federal Reserve Bank President John Williams said in a speech to students at the University of Seattle that otherwise contained little about the outlook for the economy or monetary policy.