CSPAN Federal Reserve Chair Yellen News Conference December 15, 2017
Here it is now. Its hour. Openday, the federal Market Committee decided to raise the target range for the federal funds rate by 0. 25 , bringing it to 0. 25 to 0. 5 . Our decision reflects our assessment that the gradual removal of Monetary Policy accommodation will sustain a strong labor market while fostering a return of inflation to 2 , consistent with the maximum employment and price stability objectives assigned to us by law. Following a slowdown in the first quarter, Economic Growth stepped up to a solid 3. 25 pace in the second and third quarters of the year. Household spending has been...