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Slack remains in American labor market, says Janet Yellen

  • Janet Yellen, the US federal chief, has said that slack remains in the American job market.

    Citing the “considerable uncertainty” over the employment level, she called for a more nuanced manner of assessing the slack. Yellen also stressed that labor resources were underutilized.

    She said in case inflation increased faster than expected, a hike in the federal funds rate target could be pushed forward.

    In case of “disappointing” economic performance, future interest rates were expected to be “more accommodative”, she said.

     

     

    Tagged as: Janet Yellen, US federal chief, slack, job market, employment, jobs, US jobs, labor, economy, interest rates, business news