Yellen Avoids Comments on Policy at Savings Conference

Federal Reserve Chair Janet Yellen did not comment on the central bank’s most recent policy decisions or the U.S. economy in pre-recorded remarks to a conference on savings among low-income families on Thursday.

Yellen’s remarks were delivered to a meeting of the Corporation for Enterprise Development a day after the Fed’s main policy committee decided to keep its current interest rate guidance intact.

The short statement by the Fed chair noted that the financial position of many low and middle income families remained below where it was before the 2007 to 2009 financial crisis as a result of depressed housing values and a drop in income.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza