Labor Market Dynamics and Monetary Policy
Federal Reserve System
Download Document| Date Published | 2014 |
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| Primary Author | |
| Other Authors | |
| Theme | Housing Finance and the Economy |
| Country | United States |
Abstract
In this speech at the yearly Fed conference in Jackson Hole, Wyoming, Janet Yellen gave a detailed analysis of the US labor market, indicating it might have less of a remaining slack than anticipated. If labor market conditions continue to progress or inflation moves rapidly than anticipated, increases in the federal funds rate target would come sooner than Federal Open Market Committee currently expects.