On the recordFebruary 10, 2016
We only want to move to more normal levels of interest rates if it is consistent with achieving our objectives of 2 percent inflation and maximum employment.
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congress.govWe only want to move to more normal levels of interest rates if it is consistent with achieving our objectives of 2 percent inflation and maximum employment.
Yellen discusses the conditions for normalizing interest rates.
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I do have concern about where we are going unless we undertake some significant steps to reduce the budget deficit.
We will respond to the letter, and I don't really have more to say about that.