1 Reason Janet Yellen Is Worried
While the economy seems to be headed in the right direction, the chairwoman of the Federal Reserve is worried that uncertainty surrounding domestic and global issues could impede its progress.
In testimony this week before the House Financial Services Committee, Federal Reserve Chairwoman Janet Yellen sounded a generally optimistic tone about the economy, while at the same time musing about the uncertainty of its direction:
Considerable uncertainty always attends the economic outlook. There is, for example, uncertainty about when -- and how much -- inflation will respond to tightening resource utilization. Possible changes in fiscal and other government policies here in the United States represent another source of uncertainty. In addition, although the prospects for the global economy appear to have improved somewhat this year, a number of our trading partners continue to confront economic challenges. At present, I see roughly equal odds that the U.S. economy's performance will be somewhat stronger or somewhat less strong than we currently project.
Source: Fool.com
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