Yellen: Case to Raise U.S Rates Is Getting Stronger

Janet Yellen discusses the improved economic data and the strengthened case for increasing the federal funds rate. She highlights improvements in the labor market and inflation concerns, while cautioning about economic uncertainties and policy limitations. Yellen defends the Fed's policy actions during the recession and recovery, emphasizing the need for future tools and fiscal policy. She also addresses the Fed's ability to respond to future recessions, even with low interest rates.

What message does Janet Yellen convey regarding the federal funds rate?

How does Yellen describe the current state of the labor market and inflation?

What does Yellen caution about the economic outlook and the Fed's policy?

What tools does Yellen mention as necessary for the Fed going forward?

In what way does Yellen defend the Fed's ability to respond to future recessions?