Yellen Sees Increasingly Broad-Based Economic Expansion

The video discusses the current economic outlook, highlighting gradual economic expansion and job market growth. It addresses financial sector vulnerabilities, noting that while asset valuations are high, the banking system remains stable. Inflation has been below the Federal Open Market Committee's 2% target, with recent low readings attributed to transitory factors. The video also explores challenges in GDP growth, citing the retirement of baby boomers and sluggish productivity as key factors. To boost growth, it suggests policies to encourage business investment, improve infrastructure, enhance education, and support innovation.

How does the Federal Open Market Committee view the current inflation rates in relation to their 2% objective?

What factors are contributing to the slow real GDP growth during the current economic expansion?

What role does productivity growth play in the overall economic expansion?

What underlying causes need to be addressed to achieve sustained economic growth without high inflation?

In what ways might Congress encourage business investment and capital formation?