Yellen Q&A now: Fed is not certain low inflation is transitory

Federal Reserve Chair Yellen

• US inflation is surprisingly low likely due to temporary factors this year
• Fed is not certain that low inflation is transitory, is keeping an open mind that it may be more long lasting

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ps. Janet Yellen is speaking as I post - live link

OK ... all done now, finished - Yellen got a standing ovation from the audience. Well deserved.