3 Things to Know About Janet Yellen's Speech to Congress

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3 Things to Know About Janet Yellen's Speech to Congress

by TheStreet 1:49 mins

3 Things to Know About Janet Yellen's Speech to Congress

by TheStreet 1:49 mins

Federal Reserve Chairman Janet Yellen on Tuesday addressed the Senate Banking Committee as part of her semi-annual address to Congress. TheStreet's Joe Deaux reports from Washington that the Fed head didn't provide any shocking updates to monetary policy, which is important for investors to know. Additionally she spoke about the huge drawbacks to long-term unemployment and why unemployment benefits are a critical safety net for them. She also addressed the rising worries about inflation and said the central bank isn't currently concerned about longer-run inflation projections.

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