Yellen: Cautious Approach to Policy Is Appropriate

The video discusses the federal funds rate policy, emphasizing a cautious approach to monetary policy adjustments based on mixed economic indicators. It reviews recent economic developments, noting weak growth due to factors like soft exports and a hit energy sector. Business investment and household spending were also weak, but a rebound in spending is expected, supporting moderate economic expansion in the coming years.

What is the committee's stance on adjusting monetary policy in response to economic indicators?

What does the committee expect regarding overall economic activity in the coming years?