Yellen Says Fed Is Close to Achieving Employment Goal

The video discusses the implementation of stronger financial regulations to help banks build capital buffers, enabling them to support economic growth and recovery. It compares the quicker recovery of the US economy to the EU's post-crisis recovery. The Federal Reserve's accommodative monetary policies aim to boost spending and achieve maximum employment and price stability. The speaker believes these objectives are close to being achieved.

In what ways has the US economy recovered more quickly compared to the euro area?

What is the significance of highly accommodative monetary policies?