What Investors Want to Hear From Janet Yellen

The transcript discusses key phrases like 'significant underutilization' and 'considerable time' that investors are keen on hearing from the Fed. It explores the implications of these phrases on interest rates and the labor market. The discussion includes projections for the Fed funds rate and potential market reactions. The impact of the Scottish referendum on U.S. equities and the British pound is also considered.

What does the phrase 'considerable time' refer to in the context of interest rates?

How do economists view the potential changes in the Fed's language regarding interest rates?

What implications does underutilization in the labor market have for the Fed's policy decisions?

What is the significance of Janet Yellen's statement about interest rates starting to rise six months after a certain event?

How might a yes vote in the Scottish referendum affect U.S. equity markets?