Off The Wire
Fed faces 'quite challenging' period keeping recovery on track: Yellen
WASHINGTON (Reuters) - The Federal Reserve faces a “quite challenging” period in trying to keep the U.S. recovery on track amid a risk that low unemployment could lead to an overheated economy, former Fed chief Janet Yellen said on Friday.
“The question for the Fed is how to manage monetary policy to try to keep the expansion going for a long time. And it is going to be quite challenging,” Yellen said at an event in Washington, referring to the challenge of keeping inflation from spiking without curbing economic growth.
Reporting by Howard Schneider; Editing by Paul Simao