Yellen: We Expect Solid Growth to Continue

The video discusses the pace of job growth, which is sustainable over the long term despite being slightly lower than in 2015. It highlights that the unemployment rate has not fallen due to people re-entering the labor force, and inflation remains below 2%. The accommodative monetary policy supports job creation, but if the economy overheats, interest rates may need to rise quickly, risking economic stability. The video emphasizes the need for gradual removal of policy accommodation and outlines future economic projections, suggesting that adjustments may be necessary if current trends continue without new risks.

What is the expected trend for the unemployment rate in the near future?

What do economists believe about the current accommodation in monetary policy?