Yellen Leaves Rate Hike Options Open at Jackson Hole as Labor Market “Yet to Fully Recover”

Federal Reserve Chair Janet Yellen took center stage in Jackson Hole, Wyoming Friday morning to address her fellow central bankers, as well as the financial market participants watching with bated breath from around the world. The theme of this year’s conference is “Re-Evaluating Labor Market Dynamics,” and in her speech Yellen was somewhat positive yet introspective about the state of the labor market but did not provide the policy clarity investors were hoping for.  Read more