Ther No Such Thing as 'Too Much Economic Growth'

At this point, a couple more interest rate increases are necessary to stabilize growth at a sustainable pace and stabilize the labor market so it doesn't overheat. Those are the words of former Federal Reserve Chairman Janet Yellen. Interviewed at a recent investor conference in Washington, D.C., Ms. Yellen's rather explicit point was that economic growth has to be restrained so that inflation can remain in check. And central bankers wonder why they're so unpopular.