Janet Yellen actually said...

the unemployment rate is not the Committee's definition of what constitutes full employment.

Yellen clarifies that the Committee's definition of full employment is lower than 6.5 percent.

02/26/2014

More Janet Yellen Quotes

I do think that education programs...are very critical in addressing wage inequality.

Arguably, yes.

During the crisis and recession, families in the middle and at the bottom were hit particularly hard.

So like Governor Tarullo, I would be open to a modest increase in the threshold.