On the recordFebruary 13, 2017
The statement that the U.S. economy is at or near full employment pertains to the national economy.
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congress.govThe statement that the U.S. economy is at or near full employment pertains to the national economy.
Yellen explains that full employment is a national average, not uniform across regions.
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I think this is an area where congressional legislation is appropriate to create an appropriate prudential framework.