Comment on Janet Yellen could be on the verge of starting a 'civil war' at the Fed

Janet Yellen could be on the verge of starting a 'civil war' at the Fed

Fed Chair Janet Yellen's interest in running a "high-pressure economy" threatens to add to an increasingly divisive climate at the U.S. central bank. In remarks last week that jarred the market, Yellen ruminated about the benefits of letting inflation run a little hotter than normal while allowing the unemployment rate to drop below the point that historically would trigger Fed tightening action.

 

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