SF Fed's Yellen on the U.S. economy in 2007

In the speech 'The U.S. economy in 2007: Prospects and puzzles' given on 17 January Janet Yellen of the Federal Reserve Bank of San Francisco said inflation is too high at the moment, but the current level of a key interest rate is high enough to bring it down over time.

"I do want inflation to move down, but I believe policy may now be well-positioned to foster exactly such an outcome while also giving due consideration to the risks to economic activity," Federal Reserve Bank of San Francisco

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