Fed's Janet Yellen Jawbones Inflation


	Fed's Janet Yellen Jawbones Inflation

muckdog

7-7-2007 12:19 PM

279 views

tags:

inflation, federal reserve, janet yellen

muckdog says:

Here she goes again. As I blogged about this week, strong economic numbers in the jobs numbers and wage growth would bring Janet Yellen out of the woodwork. Right on cue... Here she is! You're so predictable, JY. Read my blog or something?

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/8666bb93-3b69-41cc-9aca-cefb0d52b357/26C2C188-480A-4175-9456-478FF00BA8F2/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2007/07/02/daily38.html" href="http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2007/07/02/daily38.html" style="font-size: 11px;">sanfrancisco.bizjournals.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2007/07/02/daily38.html"><H1 class="headline">S.F. Fed president calls for bias toward fighting inflation</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2007/07/02/daily38.html"><P> The nation's monetary policy should be biased toward fighting inflation, <A href="http://sanfrancisco.bizjournals.com/sanfrancisco/gen/Federal_Reserve_Bank_of_San_Francisco_9DDDEDC89EBE4046AC79869C7FCBCD5F.html"><STRONG>Federal Reserve Bank of San Francisco</STRONG></A> President Janet Yellen said Friday. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2007/07/02/daily38.html"><P> Her comments received a great deal of attention as the holiday week drew to a close on a strong jobs report in which unemployment remained 4.5 percent. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2007/07/02/daily38.html"> In the text of Yellen's speech, delivered via teleconference to those attending a conference in Singapore, she said the risk of rising inflation continues and her "best guess" is that the growth pace of real gross domestic product in the U.S. "will pick up a bit in 2007 to a rate just below potential."</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/26C2C188-480A-4175-9456-478FF00BA8F2/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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