Yellen Says It's Key to Understand Fed Closer to Targets

The transcript discusses the economic progress aligning with expectations and the gradual removal of accommodation through interest rate increases. It reflects on market synchronization issues, influenced by past interest rate patterns, and explains the slow policy adjustments due to global economic shocks. The importance of public understanding of policy objectives and the accommodative stance is emphasized, with a gradual move towards a neutral policy stance as objectives are approached.

What does the speaker suggest about the risks to the economic outlook?

What is the significance of reaching a neutral stance in economic policy according to the speaker?