Janet Yellen actually said...

"the Committee's 2 percent inflation objective is not a ceiling."

"fiscal sustainability has been a long-standing problem, and . . . the U.S. fiscal course, as our population ages and health care costs increase, is already not sustainable."

"But, again, as you pointed out, that is a much higher rate, and the same is true at all education levels."

"I believe we would have a much weaker economy if in the last number of years we had followed the dictates of that rule."