Yellen: We Expect Economy to Keep Performing Well

The transcript discusses the adjustment of the federal funds rate and the progress made towards economic goals like maximum employment and price stability. It highlights the creation of new jobs, a decrease in unemployment, and a rise in inflation closer to the 2% target. The economic growth is supported by household spending, while business investment remains soft. The job market has improved significantly since the Great Recession, with a notable drop in unemployment. Inflation is expected to rise to 2% as market conditions improve, with expectations remaining well anchored.

What was the Federal Reserve's target range for the federal funds rate after the recent adjustment?

• 1 to 1 1/4 percent

• 3/4 to 1 percent

• 1/2 to 3/4 percent

• 1/4 to 1/2 percent

How many net new jobs were created over the past year according to the transcript?

• One million

• Two and a quarter million

• Three million

• Four million

What has been the trend in household spending according to recent economic developments?

• Declining slightly

• Stagnant

• Decreasing rapidly

• Rising at a moderate pace

What was the unemployment rate in November, the lowest since 2007?

• 4.6%

• 4.4%

• 4.8%

• 5.0%

What is the Federal Reserve's long-term inflation objective?

• 2.5%

• 1.5%

• 2%

• 1%