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Fed watching emerging markets, weather impact: Yellen

Thursday, February 27, 2014 - 02:07

Feb. 27 - In delayed testimony before the Senate Banking Committee, Fed Chair Janet Yellen says policymakers still expect modest economic growth but are keeping watch of emerging markets and the impact of weather. Rough Cut (no reporter narration).

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Fed Chair Janet Yellen also told lawmakers during the question and answer period that a 6.5 percent unemployment rate was not an automatic trigger for policy action, but rather a guide to when a policy change should start to be considered. She also testified that the unemployment rate by itself is not a perfect gauge of the health of the labor market. Rough cut. No reporter narration.

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Fed watching emerging markets, weather impact: Yellen

Thursday, February 27, 2014 - 02:07