Tuesday, August 19, 2014

Janet Yellen to deliver speech from Jackson Hole 2014

Federal Reserve Chairwoman Janet Yellen will deliver a simple message from Jackson Hole this week: Don’t be fooled by the sharp drop in the unemployment rate.

Economists expect Yellen to give a master-class explaining why she believes there is still a lot of slack in the job market. Yellen is likely to review her dashboard, a set of statistics she highlighted earlier this year.