Yellen Signals Fed Is Close to Raising Rates

The transcript discusses the Federal Reserve's expectations for fiscal stimulus following the election of Donald Trump. It highlights the uncertainty surrounding fiscal plans and their impact on the Fed's economic outlook. The labor market is analyzed, noting minimal wage pressures. Fed Chair Janet Yellen's cautious approach to policy normalization is emphasized, with a focus on communication challenges and economic projections. Yellen's consistent stance is compared to Margaret Thatcher's, maintaining stability despite market pressures.

What is the significance of the December meeting for the Fed's economic projections?

How does the text describe Janet Yellen's approach to policy normalization?