Janet L. Yellen, the Federal Reserve chairwoman, made it clear Wednesday that she believes that the American economy is pretty much back on track.
And that, in turn, sets the stage for a potential conflict with the incoming Trump administration in the months and years ahead.
Congress assigns the Fed two goals: seek maximum employment and maintain stable prices. Ms. Yellen, in a speech in San Francisco, rather explicitly made clear that the nation isn't far from attaining those goals.
Read Full Article »