Yellen answering questions after her speech
- Impact on monetary policy decision-making of 'big data' remains limited
- Yellen wants to find ways to use big data, but often its not designed to meet the Fed's needs
Reminder ... Yellen is speaking in Stanford ... the questions are seemingly reflecting what is topical at Stanford. Not that there is anything wrong with that.
Here we go, more pertinent: remarks:
- Heading toward unsustainable deficits, growth in debt-to-gdp ratio due to medicare spending
- She supports Fed's dual mandate because Americans care about state of job market
- In recent times there has been no conflict between Fed's inflation, employment goals
That comment I have bolded is not really a new point, its been made many times.
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Yellen's speech earlier ... a little more dovish?
- Fed's Yellen: 'Prudent' to adjust stance of monetary policy gradually