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Yellen Reassures Investors on Fed’s Pace

Inflation of 2% is a target, not a ceiling, Yellen says.

By Rich Miller, Christopher Condon and Jeanna Smialek, Bloomberg | Updated on March 16, 2017

Federal Reserve Chair Janet Yellen sought to reassure investors that the central bank’s latest interest-rate increase wasn’t a paradigm shift to a trigger-happy policy driven by fears of faster inflation.

Speaking to reporters after the Fed’s quarter percentage-point move on Wednesday, Yellen said the central bank was willing to tolerate inflation temporarily overshooting its 2% goal and that it intended to keep its policy accommodative for “some time.”

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