Janet Yellen speech: Tightening labor market to drive wages higher

Janet Yellen, Chair of the Board of Governors of the Federal Reserve System, is responding to questions from the press after delivering her remarks on the policy outlook, with key quotes found below.

Discussed tax policy in the meeting.

Most colleagues factored fiscal stimulus into their outlook along lines of congress' thinking.

Tax package is likely to boost the aggregate demand.

Stronger pace of investment could boost the capital growth.

Tightening labor market to drive wages higher.

Key notes

Fed hikes and threatens more - ING.

James Knightley, Senior Economist at ING, explains that the Fed “dots” show a strong consensus for 3 hikes next year.

Buy the Fact: Gold jumps after Fed rate hike.

Gold (XAU/USD) jumped to a one-week high of $1255.44 after the Fed hiked rates by 25 basis points as expected and kept the interest rate dot plot unchanged.

About Janet Yellen

Janet L. Yellen took office as Chair of the Board of Governors of the Federal Reserve System on February 3, 2014, for a four-year term ending February 3, 2018. Dr. Yellen also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body.