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- Fed's Yellen says changes in tax policy supported increase in Fed GDP forecasts
Fed's Yellen says changes in tax policy supported increase in Fed GDP forecasts
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Anticipates some strengthening in labor market conditions
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Macroeconomic effects of any tax changes are uncertain
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Changes in tax policy will likely give lift to economy in coming years
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Will do utmost to ensure smooth transition to new Fed chief Powell
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Fed prepared to resume reinvestments in maturing securities if economic outlook warranted this
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Fed did discuss tax policy; most colleagues factored in fiscal stimulus into their outlook along lines of what congress is considering
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Stock valuations is on the list of risks for fed; not a major factor
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Fed policymakers see tax package as mostly boosting aggregate demand but having potential of boosting aggregate supply
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Says Fed has not studied negative rates to any considerable extent
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