Yellen Sees Path to Lower Inflation While Sustaining Strong Job Market

The transcript discusses the Federal Reserve's goal of reducing inflation to 2% while maintaining a strong labor market. It highlights the possibility of achieving this without increasing unemployment above 5%. The speaker emphasizes the necessity of an economic slowdown to transition from rapid growth to a stable labor market. The overall objective is to balance inflation control with economic stability.

What does the speaker suggest is happening in the economy and demand?

What transition does the speaker refer to regarding the labor market?