Yellen Signals Shift From Stimulating Economy to Sustaining Growth.
'Janet L. Yellen, the Federal Reserve chairwoman, said Monday that the Fed was shifting its focus from stimulating the economy to keeping growth on an even keel.
She said the economy was “pretty healthy,” thanks in part to the Fed’s long-running stimulus campaign, which the central bank is moving to end.
“Looking forward, I think the economy is going to continue to grow at a moderate pace,” Ms. Yellen said during an event at the University of Michigan. “Our job is going to be to try to set monetary policy to sustain what we have achieved.”
The Fed raised its benchmark interest rate in March for the third time since the financial crisis, and said it planned two more rate increases this year. The Fed also said it planned to begin reducing its large holdings of securities by the end of the year. Ms. Yellen did not offer any additional details during her appearance on Monday.
Ms. Yellen, interviewed onstage by Susan M. Collins, the dean of the Ford School of Public Policy at the university, used the opportunity to make a strong case for the financial regulations enacted by Congress in the 2010 Dodd-Frank Act to address the problems revealed by the 2008 financial crisis.'>>>
https://www.nytimes.com/2017/04/10/us/politics/yellen-economy-growth.html?