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Fed watching emerging markets, weather impact -Yellen

4 years ago128 views

reuters

Reuters

Fed Chair Janet Yellen also told lawmakers during the question and answer period that a 6.5 percent unemployment rate was not an automatic trigger for policy action, but rather a guide to when a policy change should start to be considered.

She also testified that the unemployment rate by itself is not a perfect gauge of the health of the labor market.

Rough cut. No reporter narration.