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 are the dual objectives recognized by the colleagues in the text?

What is the core inflation rate as stated in the text?