SF Fed's Yellen on 2005 in review and prospects

In the speech 'The U.S economy: 2005 in review and prospects for 2006' given on 2 December Janet Yellen of the Federal Reserve Bank of San Francisco said the Federal Reserve is probably not yet finished raising interest rates and must monitor price gains to prevent an "unacceptable rise" in inflation.

Janet Yellen, president of the San Francisco Fed Bank, also said a change in the Fed's post-meeting statement will eventually be required to reflect recent changes in policy.

In particular, she said

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