Yellen: U.S. is near 'maximum employment'

Fed shows confidence in U.S. economy with rate hike

Fed shows confidence in U.S. economy with rate hike

Federal Reserve Chair Janet Yellen gave the U.S. economy a nearly clean bill of health, two days before Donald Trump arrives at the White House.

“Now, it’s fair to say, the economy is near maximum employment and inflation is moving toward our goal,” Yellen said in a speech Wednesday in San Francisco Wednesday, where she was detailing the purpose of the Fed.

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Economic news – CNNMoney.com

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