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Fed's Yellen says she's upbeat about short-term economic outlook

Published 01/12/2017, 07:58 PM
Updated 01/12/2017, 08:00 PM
© Reuters. Federal Reserve  Chair Yellen holds news conference following FOMC meeting in Washington

WASHINGTON (Reuters) - The U.S. economy is doing well and faces no serious obstacles in the short term, with the labor market looking pretty strong, Federal Reserve Chair Janet Yellen said on Thursday.

© Reuters. Federal Reserve  Chair Yellen holds news conference following FOMC meeting in Washington

In the "short term I would say I don't think there are serious obstacles. I see the economy as doing quite well," Yellen said in a town hall meeting with educators, adding that she was worried about longer-term issues like widening income inequality and weak growth in labor productivity.

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