Small Business Resources, Business Advice and Forms from AllBusiness.com

The Yellen view: one of the Federal Reserve system's most experienced policy strategists...

TIE: What is your assessment of the U.S. economy? We recently saw some spending data on the weak side, although the general consensus is that the economy is doing well. What is your view, particularly given any impact from the rise in oil prices?

Yellen: I am in general agreement with the consensus, although higher oil prices have taken a toll both on households and on businesses. That could explain why a "soft spot" emerged both in consumer and capital spending toward the end of the first quarter. It is worth remembering that we saw a similar "soft spot" in consumer s

In addition, make sure to read these premium articles also available with your free trial:

T T T
art_print Printart_email Email 16x16-digg-guy  Digg It delicious-small  del.icio.us

Related Resources

Free AllBusiness Articles

  • Monetary Policy Report to the Congress
    • Report submitted to the Congress on February 16, 2005, pursuant to section 2B of the Federal Reserve Act MONETARY POLICY AND THE ECONOMIC OUTLOOK The year 2004 was marked by continued expansion in economic activity and appreciable gains in employment. With fiscal policy stimulative, monetary policy accommodative, and financial conditions ......
  • 2006 economic outlook: continued growth.
    • There is little question that economic growth will continue in 2006; however, there are questions about the level of the growth and changes in trends in several important variables. The U.S. economy appears to be only moderately affected by hurricanes Katrina and Rita. This is most evident in the job ......
  • Monetary Policy Report to the Congress
    • HEADNOTE Report submitted to the Congress on July 20, 2004, pursuant to section 2B of the Federal Reserve Act MONETARY POLICY AND THE ECONOMIC OUTLOOK The economic expansion in the United States became increasingly well established in the first half of 2004, but the pace of inflation picked up from ......
  • The world economy.
    • * Global GDP will grow by 4.4 per cent a year in 2005 and 2006. * Inflation in the OECD will rise from 1.7 per cent last year to 2.1 per cent in 2005, the highest since 2001. * The United States will grow by 3 1/2 per cent a ......
  • Outlook for growth, inflation, rates.
    • IN 2004, ECONOMIC GROWTH will remain healthy, staying well above the potential growth rate of 3.5%, lowering the jobless rate to 5.2% at the end of the year. Economic policies will remain a strong tail wind for the economy. During the second half of 2003, Washington provided $61 billion in ......
  • Monetary Policy Report to the Congress
    • Report submitted to the Congress on July 20, 2005, pursuant to section 2B of the Federal Reserve Act MONETARY POLICY AND THE ECONOMIC OUTLOOK The U.S. economy continued to expand at a solid pace over the first half of 2005 despite the restraint imposed on aggregate demand by a further ......
  • Fed chooses to fight inflation.
    • If there was ever any doubt where the Federal Reserve's heart lies, the Fed's policymaking Federal Open Market Committee (FOMC) made it abundantly clear on May 3 that it is with guarding against inflation, and not slower growth. In the weeks leading up to the meeting there was mounting evidence ......

Video

Business Guides

Forms

Blogs

Podcast

Related Topics
Tools

Sponsored Links

Site Map | Contact Us | FAQs | About Us | Media Kit | Reprints | RSS Directory | Sign Up for Free Newsletters | Disclosure Policy

Copyright © 1999 - 2008 AllBusiness.com, Inc. All rights reserved.
No part of this content or the data or information included therein may be reproduced,
republished or redistributed without the prior written consent of AllBusiness.com.
Use of this site is governed by our Copyright and Intellectual Property Policy, Terms of Use Agreement and Privacy Policy.

Get In-Depth Company Information from Hoover's | Buy a D&B Credit Report | What is in Your Company's D&B Credit Report? | Article Archives
Online Business Database | Online Business Information | Email Marketing Lists | Sales and Marketing Solutions | Business Mailing Lists
Information and opinions on AllBusiness.com solely represent the thoughts and opinions of the authors and are not endorsed by, or reflect the beliefs of,
AllBusiness.com, its parent company D&B, and its affiliates.