Yellen says rate hike ‘could come sooner than currently expected'

Federal Reserve chair acknowledges ‘considerable uncertainty' on FOMC about level of US slack

yellen-janet
Janet Yellen

There is "considerable uncertainty" about the level of US labour market slack on the Federal Reserve's Open Market Committee (FOMC), and an increase in the Federal funds rate "could come sooner" than currently expected, according to Fed chair Janet Yellen.

Speaking at Jackson Hole on Friday, Yellen said the past year's drop in unemployment had caught the FOMC by surprise and that its "key challenge is to assess just how far the economy now stands from the attainment of its maximum employment

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.