SF Fed's Yellen on US economy and monetary policy

In the speech 'The US economy and monetary policy' given on 27 September Janet Yellen of the Federal Reserve Bank of San Francisco said the Fed must uphold its pledge to keep inflation subdued, suggesting US interest rates would continue to rise.

"The Federal Reserve must deliver -- again and again -- on its commitment to price stability," Yellen told members of Parliament at a conference convened by the European Economics and Financial Center.

An unacceptable rise in inflation is "clearly not on

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