Thu, 09 Jan 2014 14:51:05 GMT
Yellen: economy to grow in 2014, inflation to reach 2%
Janet Yellen, the next Federal Reserve chairwoman, said to the Time magazine on Thursday that the U.S. economy will most likely increase the pace of growth during the current year, while the unemployment level will decline. The economy is predicted to grow about 3%, as the recovery is developing much faster than before. Moreover, the inflation is projected to rise