Chair Yellen submitted identical remarks to the Committee on Financial Services, U.S. House of Representatives, on February 25, 2015. Chairman Shelby, Ranking Member Brown, and members of the Committee, I am pleased to present the Federal Reserve's semiannual Monetary Policy Report to the Congress. In my remarks today, I will discuss the current economic situation and outlook before turning to monetary policy. Current Economic Situation and Outlook Since my appearance before this Committee last July, the employment situation in the United States has been improving along many dimensions. The unemployment rate now ... (full story)