Fed Chair Janet Yellen's Press Conference

The transcript discusses Janet Yellen's speech and the economic context, focusing on the Fed's aspirations for a 3% rate amidst challenges in economic growth. It covers market reactions, fixed income implications, and inflation risks. The analysis extends to global bond markets, policy rates, and the shift from monetary to fiscal policy, highlighting the ECB's role in encouraging fiscal stimulus.

What improvements in employment conditions did Janet Yellen mention?

What was the projected median rate by the end of the year according to Yellen?

How does the speaker perceive the Fed's confidence in their policies?

What challenges does the Fed face in achieving the 3% rate?

What are the implications of international markets on the US bond market?

What does the speaker suggest about the future of global GDP growth?

What fiscal policy changes are suggested in response to current economic conditions?