The Key Takeaways From Yellen's News Conference

The transcript discusses Janet Yellen's efforts to reconcile the Federal Reserve's statements with market expectations, focusing on maintaining flexibility to avoid market disruptions. It highlights the ongoing debate within the Fed about interest rate changes and the importance of labor market indicators. Concerns are raised about the Fed's timing in adjusting rates and the potential risks of acting too late, which could lead to asset bubbles.

What concerns did Janet Yellen express regarding the labor market?

What potential risks did the discussion highlight regarding the Fed's actions?