Janet Yellen's Statement in Two Minutes

The video discusses the federal funds rate, economic expectations, and the labor market. It highlights moderate economic growth, labor market improvements, and inflation trends. The unemployment rate aligns with FOMC estimates, and household spending is rising due to job gains. However, business investment is weak, partly due to low oil prices, and net exports are soft due to subdued foreign growth. Inflation is expected to rise to 2% over the next two to three years.

What factors are contributing to the weakness in business investment?

Evaluate responses using AI:

OFF

What is the expected inflation rate according to the committee's projections?

Evaluate responses using AI:

OFF